Cooperation between monetary and fiscal authorities, he wrote in 2002, could permit a "money-financed tax cut" equivalent to a "helicopter drop" of money, to use a phrase from the economist Milton Friedman.
At the same time, the reform eliminated all price controls, thereby permitting a money economy to replace a barter economy.
Almost every time the Pentagon has gone on a spending spree, the cost of new weapons has far exceeded initial estimates, unexpected production problems have defeated delivery deadlines, and inadequate auditing by the government and the defense contractors has permitted a reckless use of taxpayer money.
But Senator Arlen Specter, a Pennsylvania Republican, argued that the Senate should vote soon on a bill introduced by him and Mr. Harkin to permit federal money to be used to extract stem cells from embryos destined for destruction.
Re "Keeping Politics in the Shadows" (editorial, July 28), about a Republican filibuster of a financial disclosure bill: Corruption is assured as long as we permit big money to drive politics in our country.
But this year, the law will permit 527 money to be spent in the final days of the campaign.
To help ensure that the bill passes, administration officials have promised they would permit AIDS money to go only to organizations that keep their AIDS and family planning programs, including abortion, separate.
Thats true only if countries continue to permit excess money creation.
The International Monetary Fund (IMF) agreed to lend Iceland the funds it needed to support its rapidly falling currency and to permit international money transfers to return to normal after Iceland's financial collapse in October 2008.
The West Virginia Sheriffs' Association had come out against the bill, saying it would allow dangerous people to carry concealed weapons and would take away permit money that funds local law enforcement.
Only to Iranians, though, as economic sanctions don't yet permit transfers of money between Iran and the West.
