Wednesday, January 09, 2013

A Tiny Thought On The Trillion Dollar Coin

TV talking head and Nobel Prize personality Paul Krugman has thrown his weight behind the trillion dollar coin idea. If you haven't heard, the idea is to mint a single coin out of platinum and say it's worth a trillion dollars. The government would then deposit it at the Fed and continue to spend as they wished without concern for the debt ceiling. Debate in Congress from there on out would be meaningless.

Throwing out all the rhetoric, the whole idea is to neutralize political opposition to unlimited government spending. It disenfranchises the half of the population that thinks the government is already too big through the use of a gimmick.

If that's not fascist, nothing is.


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