Saved by a trillion-dollar coin?

posted by
August 4, 2011
Ludwig von Mises Institute
by Robert P. Murphy  
Posted in Commentary

"Now that the 'crisis' over the federal debt ceiling has been averted, we can leisurely explore two of the wackier proposals that emerged during the state of panic. Not surprisingly, the schemes involved the Federal Reserve and its ability to circumvent, not just standard accounting, but also the traditional divisions of political power. It's worth studying the episode carefully because we will probably see one or more of these 'solutions' promoted as the only answer to another crisis in the not-too-distant future." (08/04/11)  

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