Saturday, July 30, 2011

In Which My Economic Illiteracy Is On Display

If the United States can't keep it's economic affairs in order then perhaps we don't deserve to have a AAA credit rating.


A solution for the problem

So some commentators have suggested that the Treasury create two $1
trillion coins, deposit them in its account in the Federal Reserve and
write checks on the proceeds.

I like it: if the government can wish money into existence then why can't it wish up more money, in really interesting denominations?

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