Also perhaps a stupid and stupider 7 movie sequel where the protagonists counterfeit the coin and are caught when they attempt to "cash" it in because the one and only true coin is in the Fed and no "real" copies exist. Index of Frank's Diaries
Oh, wait...
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
However I also think Boo is probably correct in his assessment of how the Trillion $ coin would play in the US. Obama has desperately been trying to play "the adult in the room" and keep Wall Street onside. So far he has the Republican right more or less where he wants them - unhinged from establishment Republicans who voted for the Fiscal Cliff compromise.
Obama risks uniting the Republican and conservadem establishment against him if he goes the coin route. Index of Frank's Diaries
<>However I also think Boo is probably correct in his assessment of how the Trillion $ coin would play in the US. Obama has desperately been trying to play "the adult in the room" and keep Wall Street onside.
There seem to be two kinds of objections. One is that it would be undignified. Here's how to think about that: we have a situation in which a terrorist may be about to walk into a crowded room and threaten to blow up a bomb he's holding. It turns out, however, that the Secret Service has figured out a way to disarm this maniac -- a way that for some reason will require that the Secretary of the Treasury briefly wear a clown suit. (My fictional plotting skills have let me down, but there has to be some way to work this in). And the response of the nervous Nellies is, "My god, we can't dress the secretary up as a clown!" Even when it will make him a hero who saves the day?
I suppose for serious people like Booman, a great depression and a government default are better than looking foolish in the eyes of the Boeotians. I distribute. You re-distribute. He gives your hard-earned money to lazy scroungers. -- JakeS
Most US liberals and progressives are, more or less, economically illiterate and haven't gotten past Austrian or Chicago school economics 101. They share the same basic assumptions and theoretic constructs of austerity economics, even if they would like to temper it's extremes by saving as much of the New Deal and Great Society as they can.
Are those moons for Gingrich? Don't get it. -----sapere aude
But it looks like the Canadians got there first.
I should think looks don't matter...