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...
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DelicateLoyalist Wrote: 1 minute ago (3:07 PM) I believe these economists are just abandoning free-market principles to save the free-market system to make sure the economy doesn't collapse. No these economists are Keynesian dreamers who think they can shove a square peg through a round hole despite Europe's glaring epic failure. These people want to destroy the free market, they don't like it. That's why there has been Wars on class, religion, and the family; we must all be dutiful little nanny state morons. But, alas the whole experiment will backfire; people get real edgy when they can't get up in the morning without instructions. Your Keynesian experiment will either explode from oppression or implode from its own dead weight!
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