Dollars and Smiles: The Debt Ceiling

The debt ceiling is a ridiculous political tool that is hurting the economy, the banks, and the stock market.

Dollars and Smiles

For a currency-creator, money is like smiles for an individual; neither can run out of either. Which is why the ‘debt ceiling’ is akin to economic-self-harm. Imagine not allowing yourself to smile at your children or your friends because you have reached some arbitrary limit of smiles. Insane, right? Well, by not raising the debt ceiling, that is exactly what the US Congress is doing. Because of the…