In the year of the apocalypse 2020, a year fraught with pandemic, war, and economic recession, governments of the world have stepped up their game with respect to 'printing money.' In the month of March, the M2 money stock grew by $1.1 trillion, more than it grew throughout the entirety of 2019. This phenomenon can … Continue reading Inflation and Debt Monetization
To amend the Internal Revenue Code to provide emergency stimulus to the economy and enact countercyclical fiscal policy measures which include reducing discretionary and mandatory expenditures, revising the individual and corporate income tax schedules, raising the rate of Social Security payroll tax, raising the tax on motor fuels, and establishing new taxes on greenhouse gas … Continue reading Economic Stimulus and Budget Control Act
