Well congress lets the Federal Reserve control the value of the dollar and that value isn't simply decreed.
The value of the currency depends, in large part, upon how much money there is in the money supply.
So yes the Federal Reserve could take action to quickly decrease the amount of US $ in the system. This is called Deflation and has very specific and severe consequences.
I think controlled deflation would be a good thing for this bloated economy but it couldn't pay back the national debt the way you imagine.
Governments have done the exact opposite before. They say, "Oh we owe $25,000,000.00? I'll just print it up and hand it over. Debt re-paid."
But that has severe consequences too.
You mentioned governments doing the exact opposite... But you're missing my point... I'm getting tired of explaining my Pocket Change Theory... You're going to have to research my prior posts... If you feel very strongly on what you wrote above, you should probably head straight to your Bank and turn in all your Pocket Change for Debt Notes...
@pocketechange
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Well how exactly would congress increase the value of the US $?
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Congress has the Power to Coin Money and Regulate the Value thereof...
With that kind of Power along with my Pocket Change Theory, we have it made...
@pocketechange
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Yes you mentioned that again while ignoring my question. How exactly will the value be regulated?
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I'm starting to wonder if you read my Post...
Article 1, Section 8 of the United States Constitution the
Power" to "Coin" "Money" and "Regulate" the "Value" thereof..
lol... I see I just answered you the same exact way... The Penny will increase to a dollars buying power, making it equal with the paper debt notes... All the Change will increase 100 fold in buying power... We regulate the value of our Coined Money, not the Paper Debt Notes... I hope that answered your question...
@pocketechange
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