I’ve written before about how we could resolve the looming debt ceiling crisis Republican hostage-taking with the minting of a $2 trillion platinum coin. Admittedly, it’s absurd but legal (something Paul Krugman came around to yesterday).
Please sign the petition, since we simply can’t afford any more economic hostage-taking.
mikethemadbiologist
But then we would have to revise all the vending machines.
I’m thinking they should make it really, really big . . . so it doesn’t get dropped and roll down a drain, or something.
“World economy disrupted by housecleaning accident”
Done. Maybe our Compromiser in Chief will get the message to play some hard ball…
The idea of minting a $2trn coin is sheer insanity – if it had any merit, then why not just mint a $16trn coin and eradicate the entire US debt? In fact, why not mint a $32trn coin and fund the next ten year’s deficit as well?
The US is in a hole from which it will never extricate itself – hyper inflation will eventuate and the economy will implode.
Sorry, but people who think this stuff is legit are intellectually impaired.