Monthly Archives: May 2018

Who pays for Uncle Sam’s deficits?

I have reviewed this subject a lot, but some people, unfortunately, still don’t get it.  https://wordpress.com/view/wcoats.blog On May 18, (last week) the U.S. public debt was 21.1 trillion dollars or 109% of our total output (GDP).  Of that, 15.4 trillion … Continue reading

Posted in Debt, trade, Uncategorized | Tagged , , , , , , | 2 Comments

Free Banking in the Digital Age?

By Warren Coats[1] Introduction A number of central banks are considering issuing digital currency either in place of the paper currency they now issue or in parallel with it.  The advantages of central bank digital currency (CBDC) over paper currency … Continue reading

Posted in Economics, Money | Tagged , , , , , , , , , , , , , , | 4 Comments