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By Peter Richardson
DonkeyHotey (CC BY 2.0)
The trillion dollar coin represents one of the most important principles of popular prosperity ever conceived: the creation of money by sovereign governments, debt-free.
New York Times columnist and Nobel Prize-winning economist Paul Krugman drew on 20th century U.S. history to explain to Bill Moyers how a Washington that was willing to spend could end the present American depression.
“If someone’s ruining their brand with the trillion dollar coin idea, I don’t think it’s the non-economist,” Stewart said, adding that the deficit solution was still a “stupid fucking idea.”
White House / Pete Souza
According to the Obama administration, there is nothing the president can do on his own to raise the ceiling or maneuver around it. As much as some of us may disagree, Obama is correct. Here’s why.
A look at the day’s political happenings, including the Treasury Department’s decision about minting a trillion dollar coin and another George Bush mulls a bid for public office.
John Darkow, Cagle Cartoons, Columbia Daily Tribune, Missouri —
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