March 15 will be an important day.

[Bob Butler 54]

(04-01-2017, 09:52 PM)Kinser79 Wrote: In short the treasury at least in 1863 had power to issue non-interest bearing paper to pay the bills so it is reasonable to assume it still has that power unless Congress at some point has passed a law somewhere saying that they don't.

Seriously you're arguing with the wrong guy about this.  I've argued for the return of the Greenback since the late 90s if for no other reason than to strangle the hold the central bank has.

During the Civil War, two sorts of special notes were issued, Demand Notes and United States Notes. Both were authorized by Congress. The amount of notes authorized for printing was set by Congress. I seriously doubt the modern Treasury is able to print more Greenbacks on their own authority. They have to go through Congress, which has set limits on its own ability to increase the debt.

Now, I claim no special knowledge of the intricacies of currency. I do know a little bit about how to double check an extreme partisan when he asserts absurd stuff. To me, at a high level, the Congress has the power of the purse. I would not expect them to leave a loophole for the executive branch to usurp such power. You can continue to quote various long obsolete and expired financial tools used in the distant past, wave your hands, flap your lips, wag your tongue, crack your typing fingers and pretend you know what you're talking about. I may or may not bother to shoot you down. To me, your credibility is zero on this subject.