In response to:

Insane: Liberals Contemplate $1 Trillion Platinum Coin to "Solve" Debt Limit Issue

cferrer Wrote: Dec 08, 2012 5:15 PM
Good job on rehashing a story from 2011. http://www.economist.com/blogs/freeexchange/2011/07/so-crazy-it-just-might-work Guy Benson is one of the reason's why conservative media get a bad rap. We need more guys like Glenn Beck.

Welcome to Zimbabwe.  This is not a parody -- it is an actual report from the Washington Post:
 

Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...

Related Tags: Debt Limit Inflation