coin seignorage

Of Mythical Cliffs and Ceilings, of Predators and Fools

There has been much ado lately among the Very Smart People about the last minute avoidance of the Fiscal Cliff over which our entire economy almost fell, and, coming soon to a television screen or website near you, there will be much more ado about the dreaded Debt Ceiling, which must somehow be raised or paid for or else calamities of Biblical proportions will ensue. 

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