There's been lots of hand-wringing about the national debt, not without basis so long as we play the game by Theire rules.
Departing from the rules, I see two ways of paying the national debt down in minutes.
The first method is the less viable method from the standpoint of anyone actually accepting it as doable. The mint can mint coins in any denomination it chooses. Mint $10 billion coins and distribute to all creditors. Done.
The better method, the one that would provide long-term economic stability in financial terms, would be to peg every dollar in circulation to the US gold store. It doesn't matter how many dollars are outstanding in the global economy and it doesn't matter how much gold. You peg that number of dollars to that amount of gold and that number of dollars never grows. That would de-ball the Fed in a moment and in perpetuity so long as we stuck to the arrangement. It would stabilize the economy and keep the spendthrifts on very short leashes.
Neither will happen, but it's nice to think on such things.
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