There will always be markets for money even if it completely black. Thus the idea that anyone can regulate the value is kind of panglossian. The only real question is the mix of market and politics. Just recently the Fed printed up money and gave it to politicians to spend which is pretty dumb. Similarly they printed money and gave it to banks to incentivize the banks to churn mortgages and keep the economy moving that way. That’s all about regulating the value of credit and that’s not in the Constitution.
Makes sense to me
Just recently the Fed printed up money and gave it to politicians to spend which is pretty dumb.
Wait a sec, I thot we'd already agreed that congress' coining/setting-value of money was in the constitution. How about our beef geing not w/ the fed, but w/ congress?