Michelle Malkin mentions the coin on twitter. It’s pretty clear the right has heard of the platinum coin – she links to an article with a string of tweets concerning the coin. Update 9:23am : The New York Sun has an anti-coin editorial up and running – and it’s right at the top of the [...]
Joe Weisenthal of the Business Insider started a white house petition for the Trillion Dollar coin! You can sign the petition for the coin here.
Krugman talks long and loud on the Coin: “First, as a legal matter the Federal government can’t just print money to pay its bills, with one peculiar exception. Instead, money has to be created by the Federal Reserve, which then puts it into circulation by buying Federal debt. You may say that this is an [...]
“No one doubts Congress’s power to create a vast and varied federal bureaucracy. But where, in all this, is the role for oversight by an elected President? The Constitution requires that a President chosen by the entire Nation oversee the execution of the laws.” Free Enterprise Fund v. Public Co. Accounting Oversight Bd., 130 S.Ct. [...]
It appears we’re going to hit the debt ceiling sometime right before the election, according to Mark Zandi and Talking Points Memo: “There is a risk that the treasury will hit its $16.4 trillion debt limit before the next presidential inauguration,” emails Moody’s chief economist Mark Zandi. “It will be close. I suspect the Treasury [...]