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Post by americanpride on Aug 4, 2005 17:10:38 GMT -8
What would be the consequences of creating fixed, secondary currencies that would be utilized only for specific expenditures; i.e. defense?
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Post by Remey688 on Aug 5, 2005 5:31:58 GMT -8
What would defense contractor pay bills to suppliers with and meet the payroll?
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Post by americanpride on Aug 5, 2005 5:47:50 GMT -8
What would defense contractor pay bills to suppliers with and meet the payroll? The same currency, which would be fixed at a certain rate of the US dollar at a certain time, and would be legal tender in the United States. Payrolls could be exchanged into dollars, while supply purchases, etc would use the same currency. We could print as much of it as we want because it's worth would be fixed, which would free up dollars for other projects - everything from education to social security to highways. It wouldn't replace the dollar, which would still be the primary currency. |
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