Dear Mr. Farah,
Your proposal to limit the federal debt targets the wrong problem. I support limited government. So, in theory, I really like the idea of a limited budget.
However, our monetary system is the problem. Our monetary system demands ever-expanding budgets. It demands ever-expanding debt. Why? We live in a debt-based fiat monetary system, not a commodity-based system (where money is a physical thing like gold). This creates an absurd situation where money is created only w ... continue reading »