The Krugman Platinum Debt Plan
Now that Congress has kicked the debt ceiling down the road a few months, what of the idea of minting a $1 trillion coin made of platinum? Supposedly our leaders would smelt this trillion dollar slug from a bit of platinum and deposit it at the Federal Reserve, against which the Fed would pay out irredeemable electronic paper ticker tender to cover debts. The scheme's most famous backer turns out to be the Nobel laureate Paul Krugman. Maybe they ought to call the coin "The Krugman." That's how...
Published:10/11/2021 3:21:43 AM