Sat Jan 14 22:02:16 2023
(*6952cd93*):: +public! https://newrepublic.com/post/170016/mint-trillion-dollar-platinum-coin-dark-brandon
*** Mint the Trillion-Dollar Platinum Coin, Dark Brandon!
*** The debt ceiling is a legendarily ridiculous problem. Fortunately, there is a ridiculously legendary solution.
*** The New Republic
(*6952cd93*)::
The maincriticism against minting the coin appears to be that it might worsen inflation. But the truth is, no one knows because we’ve never tried it—and certainly defaulting on the nation’s debt would have more immediate and drastic economic consequences than minting a coin and stashing it away. The idea may seem absurd on its face, but as Zachary Carter argued back in 2021, the real absurdity is the debt ceiling itself. There’s a beautiful symmetry about thwarting the ridiculous problem it poses with an equally ridiculous solution.
*** The trillion-dollar coin: Is it a solution to the debt ceiling drama — or a gimmick?
*** The move has been pitched as a way to help the federal government avoid a potential default and shutdown, but some experts say the idea is unrealistic.
*** Washington Post
*** Is minting a $1 trillion platinum coin the answer to the debt limit crisis?
*** The last-minute minting of a platinum coin valued at $1 trillion has been proposed as a solution to the debt ceiling crisis.
*** ABC News
*** Perspective | The debt ceiling is an absurd problem. Only an absurd solution can save us.
*** A platinum coin worth $1 trillion — or more — would put an end to dangerous budget fights
*** Washington Post
(*6952cd93*):: ^ that’s like saying- a criticism of driving into a wall is that you’re head will splatter on the dashboard, but the truth is we don’t know because we’ve never tried it :clownworld: