Saturday , 17 April 2021

Tag Archives: The Trillion Dollar Coin

What Is “The Trillion Dollar Platinum Coin” Idea? Is It the Answer to U.S Debt Ceiling Constraints or Beyond Stupid?

The "Trillion Dollar Coin" is a hot topic amongst economic policy analysts these days...The idea consists of a proposal for avoiding the inconveniences caused by the congressionally imposed "debt ceiling" in the U.S. by bestowing unlimited power upon the U.S. Treasury to issue money with no backing. When you reflect upon the economic and political implications of [taking such action] it becomes clear that the notion of the Trillion Dollar Coin is just plain stupid. Most importantly, when you look at the wider political, legal and ethical implications of this scheme for the rule of law and liberal institutions, it is beyond stupid. [Let me explain my views more fully.] Words: 2362

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