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Good News: Treasury, Fed Both Rule Out Trillion Dollar Coin

Charles SWVA Wrote: Jan 13, 2013 10:05 AM
Did Lee propose that we give each of them a $1 Trillion Dollar coin to pay their fare back to Africa where the could then buy a mule and 160 acres Plug in brain, read, relate, then comment rancid23.

The fact that high-level government officials even needed to address this issue at all should tell you how high over the shark American politics has jumped. But the Department of Treasury today did indeed comment on the "trillion dollar platinum coin" lunacy, and rejected the idea that the White House had seriously considered such a "solution" to the debt crisis. Ezra Klein at WaPo reports:

That’s the bottom line of the statement that Anthony Coley, a spokesman for the Treasury Department, gave me today. “Neither the Treasury Department nor the Federal Reserve believes that the law...