Source for this claim? I've never heard this before and it sounds quite absurd.
So the limitations on spending are elsewhere.
This is a good intro:
http://elliswinningham.net/index.php/the-basics/us-currency-... http://elliswinningham.net/index.php/the-basics/us-currency-... http://elliswinningham.net/index.php/the-basics/us-currency-...
Also maybe:
http://bilbo.economicoutlook.net/blog/?p=9281
A rant on deficits:
http://elliswinningham.net/index.php/2017/01/10/deficits-mat...
For more, just look up modern monetary theory.
Source for this claim? I've never heard this before and it sounds quite absurd.