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The New Stuff

Taxes Are A Monetary Instrument

http://ift.tt/1sHX1gh



The federal budget does not have to balance. The numbers by the window do not have to match the numbers by the door. Why? Because the United States has the world’s reserve currency—the petrodollar. It is a fiat currency whose value floats. It is not convertible into gold. Half [...]



from Forbes Real Time http://onforb.es/1wKdhxh

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