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Monetary Sovereignty: Who says so?
Summary by #Monetary Sovereignty - Mitchell
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Monetary Sovereignty: Who says so?
We often have told you that the U.S. federal government, being Monetarily Sovereign can spend unlimited amounts of money, not collect taxes, and still never run short. State and local governments, businesses and individuals are monetarily Non-sovereign, and so, they can run short of money. Just as a reminder, here are some of the experts who agree: Alan Greenspan, Former Federal Reserve Chairman: “A government cannot become insolvent with respec…
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