03-15-2017, 05:03 PM
(03-15-2017, 03:28 PM)SomeGuy Wrote:Quote:They still are legal tender, but the Treasury to my knowlege has not issue any since 1996 (by which time they had fallen out of use and were only of importance to those who collect paper currency).
Which does not preclude them issuing more in the future. The point was addressed to Mike's claim that this would not be possible due to laws against the Fed issuing such instruments. I was pointing out that that was not relevant.
Thanks, I was not aware of a money-issuing facility still operative today that was not the Fed. However, are this notes fiat currency that can be issued in unlimited quantities without backing, or at they required to be backed by specie? If the former, why wasn't this being discussed in previous debt brinkmanship times? We had such things as the platinum coin, which is pretty out of the box. Why not issuing notes?