Wednesday, August 21, 2013

Seems Some Key WSJ Advertisers Are Concerned About The Coin Act ...

Commentary by Roger Erickson

Enough to try to head this baby off at the Platinum pass?

Only makes you wonder what outcome they're so worried about, and determined to avoid.

To Make Sense of the Coins Act, Follow the Money

"Proposed legislation to abolish the dollar bill and replace it with a dollar coin is government at its worst."

Methinks he doth protest too much? What's Wall St's interest in bills and TT&L accounts* over coins? :)

The WSJ's suggested solution is to further privatize control of national fiat. No one could have predicted THAT, of course.

* why won't the mythical money multiplier effect die a commutative death?

ps: The other admissions here - in the Wikipedia page on taxes, TT&L accounts & interest rates - should make the writers think ... but they don't. How curious.

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