Jan 5, 2013
36 notes
#MintTheCoin: Can social media and a trillion-dollar coin solve the US debt?
Twitter is buzzing with plans to evade the debt ceiling with a commemorative coin loophole, and supporters are trying to get the White House to take up the cause. Since the beginning of the current debt crisis years ago, pundits and bloggers have periodically suggested that the US Treasury mint a single, massively valuable platinum coin — say, a trillion dollars — and deposit it at the Federal Reserve, paying down the national debt without changing our laws or budget. But the idea has gotten new life during debates over the fiscal cliff, and it’s been taken up outside the usual circle of finance debates. 

#MintTheCoin: Can social media and a trillion-dollar coin solve the US debt?

Twitter is buzzing with plans to evade the debt ceiling with a commemorative coin loophole, and supporters are trying to get the White House to take up the cause. Since the beginning of the current debt crisis years ago, pundits and bloggers have periodically suggested that the US Treasury mint a single, massively valuable platinum coin — say, a trillion dollars — and deposit it at the Federal Reserve, paying down the national debt without changing our laws or budget. But the idea has gotten new life during debates over the fiscal cliff, and it’s been taken up outside the usual circle of finance debates. 

  1. nerdographer reblogged this from thisistheverge
  2. montoya reblogged this from dixls and added:
    why is it so hard for people to understand that inflation is theft?
  3. dixls reblogged this from thisistheverge and added:
    isn’t this an updated version of what the germans tried and eventually led to the rise of the nazi party?
  4. cjjos1 reblogged this from thisistheverge
  5. lalalaheath reblogged this from thisistheverge
  6. talldarklefty reblogged this from thisistheverge and added:
    Thoughts?
  7. greendtea reblogged this from thisistheverge
  8. 109-in-the-sky reblogged this from thisistheverge
  9. alli-worthington reblogged this from thisistheverge and added:
    Would this be a subtle defaulting? #MintTheCoin: Can social media and a trillion-dollar coin solve the US debt? Twitter...
  10. thehappiestpea reblogged this from thisistheverge
  11. kevinnunez reblogged this from thisistheverge and added:
    I can’t believe there’s a serious discussion about this. I am embarrassed for my country.
  12. solimonster reblogged this from thisistheverge
  13. wagoneric reblogged this from thisistheverge
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