Subject: Government Debt Since 1914
Government Debt Since 1914
July 25th, 2024 at 1:10 pm +07Government Debt Since 1914The United States stopped backing Dollars with Gold in 1968. That change enabled the US Government to borrow on a scale that was enormous compared with the amounts it had borrowed before then. Government Debt totaled $369 bi ...
Money Creation Since 1914
July 11th, 2024 at 11:30 pm +07Money Creation Since 1914Congress ended the requirement that the Federal Reserve hold Gold to back the Money it created in 1968. Afterward, there were no longer any constraints on how much Money the Fed could create. During the five and a half decade ...