People are talking about the Trillion Dollar Coin:
John points out even serious analysts are talking about it. And yes – a gigantic, novelty sized coin is what I picture too. With all of this chatter, others must be talking about it.
All of this talk cannot be completely logical and coherent.
What is needed at this point is some serious ranting about the Coin. So – who in the internets is the biggest and best ranter on all matters economic?
Of course, Zerohedge.
Where is the zerohedge rant about how the Trillion Dollar Coin is fulfilling their prophecy? Where is the extended post by some Austrian how the TDC signals the end of the world, which can only end in a blaze of 10^23% hyperinflation and those gold bugs finally getting their due?
All I could find is this story about a large denomination bill. That’s not good enough, ZH. You’d figure a TDC post would practically write itself for zerohedge.
Also: Paging Peter Schiff.