RWCG


The non-crazy explanation of the trillion-dollar coin
January 5, 2013, 8:18 am
Filed under: Uncategorized

The whole Smart People frustration with the debt ceiling makes no sense and seems totally silly to me and also the idea being floated in blogs and other silly places for UST to mint a trillion-dollar coin makes no sense and seems totally silly to me but this post explaining how the seignorage solution would/should actually work in practice seems perfectly sensible and fine to me so now I’m wishing they’d just go ahead and do that so I can stop hearing/thinking about this entire issue.

About these ads

1 Comment so far
Leave a comment

[…] confusing are the ‘solutions’. I’m already on the record being basically okay with the trillion-dollar coin (seignorage) approach so I wish the Smart People would just quit while they’re ahead and do it already. Instead […]

Pingback by Debt-ceiling crisisology, Smart Peoples’ weird terminology, and splitting the difference « Rhymes With Cars & Girls




Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s



Follow

Get every new post delivered to your Inbox.

Join 471 other followers

%d bloggers like this: