An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label platinum coin 2020. Show all posts
Showing posts with label platinum coin 2020. 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
Monday, March 23, 2020
Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards — Joseph Lawler
Rep. Rashida Tlaib has proposed sending everyone in the United States $2,000 immediately and then $1,000 per month to counter the economic fallout of the coronavirus pandemic.
The Michigan Democrat's plan would be financed by having the Federal Reserve create new money on behalf of the Treasury. To skirt the federal debt limit, the U.S. Mint would create two $1 trillion coins, and the Treasury would deposit them in its account at the Fed.
Tlaib, a member of the small group of left-wing freshman House Democrats known as "The Squad," described the plan as a "truly universal relief proposal."...Washington Examiner
Tlaib proposes minting two $1 trillion platinum coins to finance monthly coronavirus debit cards
Joseph Lawler
Subscribe to:
Posts (Atom)