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Jeffrey Tucker

Maybe It’s Good that Politics Has Become Ridiculous

When was the last time vast numbers of people commonly celebrated a domestic achievement of government? You have to go back a half century to the first moon landing.

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James L. Caton

The Economics of Seigniorage on Excess Reserves

The greater the unwinding of the balance sheet, the greater will be the difficulty of servicing federal debt. This problem is on the horizon. It will be met by a combination of dollar devaluation, reduction of the budget, or default.

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