Greenspan’s ‘world without federal debt’ idea was a pipe dream

Sheila Weinberg  |  May 16, 2018

… Greenspan projected that hefty tax coffers and thrifty spending would soon allow the Treasury to pay off the entire national debt, an earth-shattering development that raised unprecedented public policy questions. How could the Federal Reserve implement monetary policy without Treasury securities? …”

Read the full article on: The Hill

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