Friday, July 29, 2011

The Big Money

I actually have no idea why the $2 trillion coin option would lead to a downgrade of US debt. I mean, sure, the ratings agencies might do so for whatever random reasons because they're idiots, but there's no legitimate reason for them to do so. At this point in time, any way to print free money is a good thing. If the Fed won't do it, the Treasury should.