The last couple of days we've been talking about the Platinum Solution to the Debt Ceiling crisis, namely that the Treasury could mint a trillion dollar platinum coin and deposit it at the Fed, so that the Treasury could continue to spend without breaching the debt ceiling, in the event that the debt ceiling weren't hiked. We walked through most of the concept here. Anyway, it's been getting a lot of attention, and a lot of folks in the media think it's a big joke, and totally silly to talk abou...
The Only Idea That's Sillier Than The Trillion Dollar Platinum Coin...
Business Insider - 5 Jan 2013 22:40
The last couple of days we've been talking about the Platinum Solution to the Debt Ceiling crisis, namely that the Treasury could mint a trillion dollar platinum coin and deposit it at the Fed, so that the Treasury could continue to spend without breaching the debt ceiling, in the event that the debt ceiling weren't hiked. We walked through most of the concept here. Anyway, it's been getting a lot of attention, and a lot of folks in the media think it's a big joke, and totally silly to talk abou...
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