Wednesday, August 3, 2016

Ellen Brown — Can Jill Carry Bernie’s Baton? A Look at the Green Candidate’s Radical Funding Solution


The platinum coin resurfaces as Plan B.

Counterpunch
Can Jill Carry Bernie’s Baton? A Look at the Green Candidate’s Radical Funding Solution
Ellen Brown

7 comments:

Unknown said...

Ellen was the first one to reference the use of a large denomination coin in her book Web of Debt - much before it was put out by MMT folk

Tom Hickey said...

Ellen was the first one to reference the use of a large denomination coin in her book Web of Debt - much before it was put out by MMT folk

Right. beowulf (Carlos Mucha) picked it up from her and imported it into the MMT discussion through comments.

Interestingly, both Ellen and Carlos are lawyers rather than economists, and this is a legal ploy.

Kaivey said...

The constitution says that the government had the right to coin money. Everyone knows that to coin money means to print money, all money, notes and all, and that today would mean electronic money, but the Republicans twisted that to mean coins only. So we have to have a $trillion coin instead, but it is great to have outsmarted the Republicans.

Gary Hart said...

Stein has a good plan but I voted for her last time and it was a wasted vote. I suspect it would be the same thing this time.

Matt Franko said...

"it is great to have outsmarted the Republicans."

Beowulf is a Republican and so is Phillip Deihl who wrote the law....

Matt Franko said...

"As Stein quotes Alice Walker, “The most common way people give up their power is by thinking they don’t have any.”

Textbook libertarianism 101...

Andrew Anderson said...

A more practical approach than "trillion dollar" coins and an ethical alternative to positive yielding sovereign debt is negative to 0% yielding sovereign debt combined with even more negative interest at the central bank except for individual citizen accounts which should be exempt from negative interest to a limit of, say, $250,000 US per citizen.

Trillion dollar coins are not practical since they can't be used for sterilization purposes while negative yielding sovereign debt can be and tends to reduce the national debt too - not that such a reduction is good, mind you so it should be combined with equal fiat distributions to all citizens for no decrease in the supply of fiat.