Krugman’s coin

posted by
January 10, 2013
Independent Institute
by Alvaro Vargas Llosa  
Posted in Commentary

"Paul Krugman has made a tongue-in-cheek proposal that has set tongues wagging -- having the U.S. Treasury Department mint a $1 trillion platinum coin in order to circumvent the federal debt ceiling. Actually, Krugman was not the first to propose this solution he himself calls 'silly' but he has given it wider exposure. In these weird monetary and fiscal times, no proposal is so crazy that it will be dismissed as such by everybody who is generally perceived as sane." (01/09/13)

http://blog.independent.org/2013/01/09/krugmans-coin/  

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