Towards a Viable Monetary System: The Need for a National Complementary Currency for the United States

The burden of interest payments on the national debt is becoming unsustainable for the United States. According to the Congressional Budget Office, the amount of interest on the national debt will be $714 billion in the year 2026. If the interest on the national debt is not paid, a default on the national debt will occur.

A debt default would damage the full faith and credit of the United States government. The excellent credit rating of the United States government, both at home and abroad...