On Jul 27, 2011, at 6:25 PM, Anthony Kennerson wrote:
> This is an idea that has been getting some steam among some progs/lefties.
>
> Basically, the idea is that the President would order the Fed to mint a
> platinum coin, load it up with an extraordinary value -- as in, the
> TRILLIONS of dollars -- and them use it to swap out for Treasury notes of
> the same value, which would be used to pay off the debt obligations
I just finished editing an interview I did with Brad DeLong for Sat's radio show. He brought this idea up, and said it was a possible silly solution to a silly problem.
Doug