Fri Feb 28 23:08:33 2020
<9e126bf3> it’s coming <https://www.investopedia.com/terms/t/trillion-dollar-coin.asp>
— What Is a Trillion Dollar Coin?
— The “trillion dollar coin” is a proposed platinum coin with a face value of $1 trillion, which could be used to reduce the national debt.
<9e126bf3> lol I can’t wait for Krugman to start bleating about this again <https://www.forbes.com/sites/kotlikoff/2013/01/19/the-treasury-has-already-minted-two-trillion-dollar-coins>
— The Treasury Has Already Minted Two Trillion Dollar Coins
— No doubt, you’ve heard about the latest irresponsible fiscal/monetary proposal to be floated by members of Congress and the erstwhile economist, Paul Krugman, whose lunch was just eaten by Jon Stewart. It entails having the Treasury avoid the federal debt limit by handing the Federal Reserve a single $1 trillion […]
<8f79fcda> Zimbabwe or bust
<8f79fcda> That’s fucked
<9e126bf3> lol yup, except the entire world is Zimbabwe now