Brad Plumer • http://www.washingtonpost.com • December 7, 2012
If President Obama wants to avoid an economic calamity next year, he could always show up at a press conference bearing two shiny platinum coins, worth… $1 trillion apiece.
A mere $100? Pshaw. Try $1 trillion. (Associated Press)
Okay, that sounds utterly insane. But ever since last year, 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….
Read the entire article here.
Filed under: Uncategorized |