The Debt Ceiling

Mint the platinum coin!:

• Coins Against Crazies, Paul Krugman.  As a practical matter, minting a multi-trillion dollar platinum coin and depositing it in the Treasury’s general is absolutely positively the right thing to do in order to avoid a Debt Ceiling crisis.
• Harvard Law School Professor Laurence Tribe on the Legality of #mintthecoin, Ryan Cooper:  Minting a multi-trillion dollar platinum coin is entirely legal.  There is no basis for a legal challenge.
• Former head of the US Mint:  The platinum coin option would work, Ezra Klein
  Interview with former US Mint director who drafted the law in question.  Minting a multi-trillion dollar platinum coin is entirely legal.  There’s nothing even inappropriate about it.

Treasury Secretary nominee Jack Lew

Strong endorsements from people I trust: Continue reading →