Trillion Dollar Coin

A trillion-dollar-coin idea takes off, and a former head of the U.S. Mint doesn't see why it shouldn't | Capital New York

Wed, 15 May 2013 15:59:53 GMT

Source: jalbertbowdenii.tumblr.com --- Wednesday, May 15, 2013
A Trillion-Dollar-Coin idea takes off, and a former head of the U.S. Mint doesn't see why it shouldn't | Capital New York ...

Post Mortem On The Trillion Dollar Coin (or, Krugman Jumps The Shark)

Mon, 14 Jan 2013 13:01:00 GMT

Source: gonzalolira.blogspot.com --- Monday, January 14, 2013
So the idiotic idea of the Trillion Dollar Coin—floated so as to get around the debt ceiling—is dead as Dillinger. The official White House announcement stated: Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit. Since we won’t know how this decision was made until a few years hence, when Obama officials start publishing their memoirs, the current best speculation of what probably happened comes from Bruce Krasting : Read more » Please visit Gonzalo Lira's Strategic Planning Group ...

The Trillion Dollar Coin: The Zimbabwe Dream of the Obama-heads

Thu, 10 Jan 2013 12:58:00 GMT

Source: gonzalolira.blogspot.com --- Thursday, January 10, 2013
Why do banks spend money making sure that their branches look good and solid? Why do banks spend even more money making sure their main offices look as solid and stately and settled as ancient temples? Is this what Yglesias and the Obama-heads have in mind? Why, to give the illusion of solidity. Because in finance, the illusion of solidity begets solidity—just as the appearance of banana republic-dom begets a banana republic. The Trillion Dollar Coin idea floating around out there is the dumbest idea ever—but it’s also dangerous for two reasons: It is a naked power grab by the executive, and it shatters the illusion of solidity and sense in the monetary system. Matt Yglesias over at Slate is fervently in favor of the Trillion Dollar Coin idea, and he gives as good a précis as any of the situation. Read more » Please visit Gonzalo Lira's Strategic Planning Group ...

Is the Trillion-Dollar Platinum Coin Clever or Insane?

Wed, 09 Jan 2013 07:00:00 GMT

Source: www.taxpolicycenter.org --- Wednesday, January 09, 2013
In a contribution to CNNMoney, Donald Marron argues that minting a $1 Trillion platinum Coin if Congress refuses to raise the debt ceiling sounds crazy. But it might actually work if done in smaller denominations. ...

StopTheCoin.com: Stop the Trillion Dollar Coin!

Tue, 08 Jan 2013 17:05:10 GMT

Source: action.americancommitment.org --- Tuesday, January 08, 2013
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