Thursday, October 03, 2013
But, yes, seriously, the regular reminder that the platinum coin is a good option. I have not heard a good argument against it except that "we don't create money like that derp!" But, you know, that's what the Fed does every goddamn day when they push a button and buy financial assets from rich people. Money is a creation of the state and congress has told the Treasury they have the power to make money in one particular form of any denomination. The only issue is the scale, but that's not actually an issue. It doesn't let the executive spend money Congress hasn't authorized, it just lets the executive spend money Congress has authorized. Crazy hippies!
by Atrios at 10:00