Here’s A Coin That Collectors Will Love, And Help The Debt Ceiling Problem
Here we go again. Congressional Republicans backed down early this year and agreed to raise the debt ceiling, but Treasury is set to run out.... If you don't like this, there's a simple remedy: demand that Congress raise ... Second, if the debt ceiling isn't raised, the president will be forced to break the law ... Such coins were, of course, intended to be collectors' items, struck to ... Here's how it would work: The Treasury would mint a platinum coin with a.... It doesn't look like it, but this is the world's scariest chart. It's the ... Help us, trillion dollar coin, you're our only hope. Nobody knows when we'll hit the debt ceiling, or what will happen if we do, but we can make some educated guesses. ... Here's the way out. ... The cover of the current issue of The Atlantic.. Should President Obama be willing to print a $1 trillion platinum coin if ... First of all, we have the weird and destructive institution of the debt ceiling; this ... Yes, it was intended to allow commemorative collector's items but ... we should sit down like serious people and deal with our problems realistically.. Solving the debt-ceiling issue via proof platinum coin seignioragean idea that began and was nurtured within the MMT ranks, mostly by Joe.... First of all, you coin collectors are being blamed for the problem. ... Let me remind you: the 1964 date will be carried indefinitely on all future coins; no more proof ... like the American Bankers Association implies strongly that coin collectors are unpatriotic ... willingness to sell its own silver stocks at its $1.29 per ounce ceiling.. Should the government mint a trillion coin to get out of the pending ... or like California, pay with IOUs and save on the cost of minting the coin. ... it would mean that a law originally intended to satisfy coin collectors ... to raise the debt ceiling and have honest debates on the real issue of taxes and spending.. Delaying the Debt Ceiling Reunion Tour will not achieve the primary goal here, which is ending it. Another problem with the trillion-dollar coin is that the US mint ... The US mint no longer produces platinum coins, except in collector's ... but it's made possible thanks to the support we receive from readers like.... First of all, you coin collectors are being blamed for the problem. ... Let me remind you: the 1964 date will be carried indefinitely on all future coins; no more ... groups like the American Bankers Association implies strongly that coin collectors ... per ounce ceiling. overnment, which now has only about 1.3 billion ounces left,.... The only thing we have to fear is fear of the trillion-dollar coin itself. ... an inventive way around the debt ceiling: a trillion-dollar coin. ... Here's why it makes no sense. ... It sounds like something out of the Simpsons, but thanks to a crazy ... idea was Treasury would only use this authority for collectible coins,.... What's all this I hear about a trillion-dollar platinum coin? ... The Treasury's power to do that is limited by a debt ceiling, and it's ... Like where would the Treasury get a trillion dollars' worth of ... It's the politics that are up for grabs,.... Mint a few trillion dollar platinum coins. ... This would involve a straight raise in the debt ceiling without any ... The biggest problem with going this route would be to in effect set up two ... I love how people invoke the constitutional option. ... Please help me understand the apparent inconsistency here.
First of all, you coin collectors are being blamed for the problem. ... Let me remind you: the 1964 date will be carried indefinitely on all future coins; no more proof ... like the American Bankers Association implies strongly that coin collectors are unpatriotic ... willingness to sell its own silver stocks at its $1.29 per ounce ceiling.. Here's how Josh Barro of Bloomberg explains this bonkers notion: ... In general, the Treasury Department is not allowed to just print money if it feels like it. ... But it can also be used to create large-denomination coins that Treasury ... such a thing as a "debt limit" that prevents the executive from financing the.... How a Platinum Coin Could Solve the Debt Ceiling Problem ... I love the platinum-coin idea. ... We allow third parties to collect information on our website and share information ... about your choices regarding certain kinds of interest-based advertising here. ... Support The Daily Beast's fearless journalism.. There's a slight problem here. The law stated that the Secretary may issue "bullion and proof platinum coins," but does not state explicitly that the.... One issue that must be addressed soon is the federal debt ceiling, which will be ... a result of borrowing from various government accounts, like the Social Security ... coin, or invoking the Fourteenth Amendment to override the statutory debt limit. ... On some occasions, the debt limit has been used successfully to help prompt.... The platinum coin has a future as a collector's item but not, it would seem, as a way to avoid the debt ceiling. ... The coin, like the 14th Amendment, seemed to give the administration ... But, come February, he (or his allies in Congress) will be be negotiating with Republicans over two other fiscal issues, the.... Here's what you should know about this crazy-sounding idea: 1. ... To serve coin collectors, Treasury can issue platinum coins of any denomination. ... Minting a $1 trillion coin sounds like the plot of a Simpsons episode or an Austin ... members of Congress have roughly two months to strike a debt limit deal.. Br has become so precious and vital herican industry, Mr. Chairman, 'e can no ... this unpleasant decision. moaning and groaning will not he problemand neither will ... I cannot help but it the subcommittee under the unship of the gentleman from ... like to bring out is this: There is today not only the subject of coin collecting...
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