Showing posts with label platinum coin 2012. Show all posts
Showing posts with label platinum coin 2012. Show all posts

Friday, March 27, 2020

Barrons — Can Trillion-Dollar Coins Cover the Coronavirus Relief Tab? It’s Not a Bad Idea by Matthew C. Klein


The article is behind a paywall, but all you really need to see is the headline — in Barrons! An idea whose time has arrived.

Barrons
Can Trillion-Dollar Coins Cover the Coronavirus Relief Tab? It’s Not a Bad Idea.
Matthew C. Klein

See also

Axios
The plan to fight coronavirus with trillion-dollar platinum coins
Dion Rabouin

Tuesday, December 11, 2012

Now the Breitbart Morons on the 'Platinum Coin'


Morons at Breitbart finally wake up to "The Coin" option for the Obama Administration.

As usual, no depth to their analysis and much suspicion is placed upon "liberals in government" in a reactionary paranoid fashion.
By exploiting the law, liberals in government can simply end the Constitutional practice of having spending originate in the House of Representatives.
Too bad these morons at Breitbart don't realize that this whole legal option was developed by a semi-anonymous and whom I suspect Republican blogger and lawyer who is not disgraced like themselves and has a firm understanding of law in this instance; and respect for the institutions of government authority.

What a bunch of dopes at Breitbart in contrast.

These Breitbart  idiots are apparently unaware of a legal and constitutional concept called Appropriations Laws that ARE passed by Congress, without which the Obama administration could not spend any amount of U.S. dollar balances in the first place.

These libertarian government-phobes at Breitbart, who usually are supportive of GOP policies, are apparently also ignorant of the fact that the very first Republican President, Abraham Lincoln, also was the first U.S. President to use, in earnest, the mathematically equivalent policy of direct expenditure of non-convertible notes the amount of which was not removed from circulation preemptively via the process of issuing securities by the U.S. Treasury.

Lincoln took the same policy course as is prescribed by this contemporary recommendation to deposit platinum coins into the Treasury's bank account via his actions to provision the US government during the Civil War, i.e. direct expenditure of non-convertible US dollar balances not preemptively offset by issuance of US government securities.

These Breitbart imbeciles don't know the law and they don't know their history, and they don't know their math either....another disgraced bunch of morons that are failing this course called "Humanity" and unfortunately receive too much attention.