Lincoln, Greenbacks & Today's Debt Debate - 26'
Lincoln Used Greenbacks To Fight Civil War, Can’t We To Eradicate Debt!
With
Timothy A. Canova, Prof. of Law & Public Finance
In 1862 Pres. Lincoln signed an act to create a new government-issued paper money, Greenbacks, not redeemable in gold or any precious metals. His successful experiment helped finance the North to prevail in the Civil War. We’ll explore why Lincoln chose this path and the lessons we can learn, including discussing the issuance of a $1 trillion dollar coin, as our recovery is threatened by obsessive concern by both parties about cutting deficits and funding the government – the so-called debt limit and the fiscal cliff.
http://archive.org/stream/BuildingBridgesLincolnGreenbacksTodaysDebtDebate
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http://archive.org/download/BuildingBridgesLincolnGreenbacksTodaysDebtDebate/greenbacksntl.mp3
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