tc, not so fast. Bernanke still has a printing press, and if congress won’t allow these guys to raise the money through a treasury bill auction, they will still raise it by some other means. Instead of being taxed on your income directly, you will just have your purchase power stolen through currency debasement. And if, as it looks, all governments are turning the printing press, even if the dollar rises against Euros and such, all that means is it is falling in value at a slightly less fast pace.
