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The only real limit on the Treasury's authority is the new $10.6 trillion debt ceiling.
Other economies have, however.There is such a thing as a real limit to output growth.
And as business-cycle variations in demand proceed they interact with that real limit.
"There's a real limit to what a single company can do on its own, which is why this is about governance," said Holdcroft.
"I thought there was a real limit to what I, as a foreigner, would be able to achieve, and that the country would remain, for some time, chaotic, corrupt and confusing," he writes.
What this means is that the real limit on the amount of money in circulation is not how much the central bank is willing to lend, but how much government, firms, and ordinary citizens, are willing to borrow.
Similar(32)
These are very real limits.
There are no real limits except quality and honesty.
Danyal Sattar: There are real limits to what social investment can do.
For all those efforts, though, the real limits to computer security may lie in human nature.
As my friend said, we just don't want to admit there are real limits.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com