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Descent of the Global Monetary System

Tom Spencer

In this short article, we will provide a brief history of today’s global monetary system, explain why central banks aim to produce consumer price inflation, and consider some of the potential consequences. For example, if the US government spends more than it collects in taxes, it can finance the budget deficit by selling bonds.

System 88
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Shockingly Bad Fiscal Health of Chicago (and the Financial Engineering Chicago Uses to Hide that Fact)

MishTalk

Chicago finances are even worse than I thought which is saying quite a bit because I have written about the sorry state of Chicago finances on numerous occasion. Many of these uses of bond proceeds are not eligible for tax-exempt financing under the federal tax code." Who Is Kristi Culpepper? You should be.