More than six months later, during a wonky online discussion about the debt ceiling, Beowulf thought of the article and, egged on by fellow monetary-system obsessives, came up with his own clever plan to exploit the powers of the U.S. Mint. His idea to issue a single trillion-dollar coin to the U.S. Treasury, thus letting it avoid borrowing and bypass the debt ceiling, is now much discussed among Washington elites, including at the White House, where a spokesman Wednesday wouldn’t rule out the scheme.
Thursday, January 10, 2013
Meet the Genius Behind the Trillion-Dollar Coin and the Plot to Breach the Debt Ceiling
http://www.wired.com/business/2013/01/trillion-dollar-coin-inventor
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment