Hacker News new | ask | show | jobs
by jamska 5121 days ago
>If every U.S. citizen could create dollars, we would indeed have hyperinflation.

For that same reason we don't give the power to create dollars to Congress.

2 comments

From a legal standpoint, "every U.S. citizen" is, in fact, "Congress". That's what the whole "Representative" thing is supposed to mean.
When Congress signs off on deficit spending, you are giving them the power to create dollars.