The flipside of the trillion dollar coin

posted by
January 30, 2013
Ludwig von Mises Institute
by Joseph T. Salerno  
Posted in Commentary

"As outlandish as the idea of the $1 trillion platinum coin at first appears, it gives us a glimpse of a monetary arrangement that, although far from ideal, is superior to the current system. Now that the Obama Treasury has definitely ruled out the scheme to mint the coin to circumvent the gimmicky debt ceiling, it is instructive to take a closer look at the reason why it did so and to articulate the lessons that can be learned from the episode." (01/30/13)  

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