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	<title>Comments on: How could Washington avoid a debt ceiling default? Mint a few trillion dollar platinum coins. Seriously</title>
	<atom:link href="http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/</link>
	<description>The public policy blog of the American Enterprise Institute</description>
	<lastBuildDate>Sun, 19 May 2013 22:57:10 -0400</lastBuildDate>
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		<title>By: Tom</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-234749</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Sun, 03 Feb 2013 20:15:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-234749</guid>
		<description><![CDATA[Yes, the main page for the notion you suggested was a propaganda piece.  If you didn&#039;t read it, that might explain your ignorance of its nature.

Maybe it isn&#039;t your site, but as your repetition of the suggestion to multiple people makes you appear to be advertizing, you&#039;ll just have to accept ownership of that notion here.

You call me pathetic and clueless?  Upon what grounds?

Or were you lashing out upon no grounds whatsoever because I debunked your bullshi+ and pointed out how you dropped the ball?]]></description>
		<content:encoded><![CDATA[<p>Yes, the main page for the notion you suggested was a propaganda piece.  If you didn&#8217;t read it, that might explain your ignorance of its nature.</p>
<p>Maybe it isn&#8217;t your site, but as your repetition of the suggestion to multiple people makes you appear to be advertizing, you&#8217;ll just have to accept ownership of that notion here.</p>
<p>You call me pathetic and clueless?  Upon what grounds?</p>
<p>Or were you lashing out upon no grounds whatsoever because I debunked your bullshi+ and pointed out how you dropped the ball?</p>
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		<title>By: floor</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-234632</link>
		<dc:creator>floor</dc:creator>
		<pubDate>Sun, 03 Feb 2013 15:12:21 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-234632</guid>
		<description><![CDATA[This design is steller! You obviously know how to keep a reader amused.
Between your wit and your videos, I was almost moved to start my own blog (well,
almost...HaHa!) Excellent job. I really enjoyed what you had to say, 
and more than that, how you presented it. Too cool!]]></description>
		<content:encoded><![CDATA[<p>This design is steller! You obviously know how to keep a reader amused.<br />
Between your wit and your videos, I was almost moved to start my own blog (well,<br />
almost&#8230;HaHa!) Excellent job. I really enjoyed what you had to say,<br />
and more than that, how you presented it. Too cool!</p>
]]></content:encoded>
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		<title>By: Arturo</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-224813</link>
		<dc:creator>Arturo</dc:creator>
		<pubDate>Sat, 19 Jan 2013 02:25:31 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-224813</guid>
		<description><![CDATA[Propaganda? My site? You truly are pathetic. And clueless. Passionate, but pathetic and clueless. Best of luck with that.]]></description>
		<content:encoded><![CDATA[<p>Propaganda? My site? You truly are pathetic. And clueless. Passionate, but pathetic and clueless. Best of luck with that.</p>
]]></content:encoded>
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		<title>By: Tom</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-224719</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Fri, 18 Jan 2013 18:08:58 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-224719</guid>
		<description><![CDATA[Nice propaganda piece.

The question is whether fiat currency.

Your site assumes &#039;yes.&#039;

Not. Good. Enough.]]></description>
		<content:encoded><![CDATA[<p>Nice propaganda piece.</p>
<p>The question is whether fiat currency.</p>
<p>Your site assumes &#8216;yes.&#8217;</p>
<p>Not. Good. Enough.</p>
]]></content:encoded>
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		<title>By: Tom</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-224715</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Fri, 18 Jan 2013 18:03:40 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-224715</guid>
		<description><![CDATA[Thanks for the props!

I&#039;ve got a few friends here and there who tell me things ;-)

The culture of the Chinese is very strong, and it&#039;s showing, and working.  China led civilization for thousands of years.  The last 150 years are somewhat of an anomaly in history.  And the endgame is still wide open.  B.Rutan and Sir Branson and JPL are seeing to that.

Most chinese immigrants do it right; they keep their dick in their pants till they&#039;re married, they learn some kind of useful skill, often high-end skills like surgery or electrical design, they work and save and educate their kids.  It&#039;s too bad they trashed their demographics, but that is easily dealt with and has lots of side-benefits; males leave and interbreed.

If only their home country could grow out of it&#039;s totalitarianism the same way it grew out of the communism...I look forward to the day Hong Kong fulfills its destiny as cuckoo egg.]]></description>
		<content:encoded><![CDATA[<p>Thanks for the props!</p>
<p>I&#8217;ve got a few friends here and there who tell me things <img src='http://www.aei-ideas.org/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>The culture of the Chinese is very strong, and it&#8217;s showing, and working.  China led civilization for thousands of years.  The last 150 years are somewhat of an anomaly in history.  And the endgame is still wide open.  B.Rutan and Sir Branson and JPL are seeing to that.</p>
<p>Most chinese immigrants do it right; they keep their dick in their pants till they&#8217;re married, they learn some kind of useful skill, often high-end skills like surgery or electrical design, they work and save and educate their kids.  It&#8217;s too bad they trashed their demographics, but that is easily dealt with and has lots of side-benefits; males leave and interbreed.</p>
<p>If only their home country could grow out of it&#8217;s totalitarianism the same way it grew out of the communism&#8230;I look forward to the day Hong Kong fulfills its destiny as cuckoo egg.</p>
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		<title>By: Tom</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-224708</link>
		<dc:creator>Tom</dc:creator>
		<pubDate>Fri, 18 Jan 2013 17:53:12 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-224708</guid>
		<description><![CDATA[Energy storage technology certainly is there.  What you overlook is that using a KWhr (as opposed to the popularly obscure Joule or erg) is in fact an ENERGY standard, and energy gathering, sorting, storing and redeploying is approximately the definition of life.

The particular unit is approximately arbitrary, as is the particular form anyone decides to &#039;save&#039; with.  KWhrs are something almost everyone is familiar with, from their electric bill.  And all energy storage can be compared to any other with a simple calculation that most people can do.

Most of what we do as life-forms is store energy, and our civilization has massive energy-storage capacity.  Everything from bombs to water towers qualify, not even talking about the high tech stuff.  Indeed, that massive amount of on-hand available energy would, under an energy-standard, become our financial system&#039;s &#039;reserve currency,&#039; which would make accounting for our actual needs as life forms far easier, and all of our markets far stabler...and prices more accurate, and therefore useful.

That ease of accounting could easily be a primary major advantage, as good as getting the grids linked.

The stability of money would be the icing, but people are famous for doing the right thing for the wrong reason.

The major source of instability in the price (or more relevantly, the value) of electricity is the daily cycle of demand peaks and troughs.

If we built 1300 miles of electrical grid, we could pass those cycles all the way around the world, almost immediately balancing them out.

We do the same thing to some degree now with markets and overflow plants.  If we accounted in electricity, the balancing would be automatic and immediate, stabilizing the price / demand with not particular effort on anyone&#039;s part.

Once connected those overflow plants could be recycled, or turned on to make money 24/7.  Hence the option for a 4-fold increase in total production.

There would be an early incentive to inflate electrical power and generate electricity...which you can read as &quot;human power&quot; because it gets used for our needs and desires.

Because the increase in the money supply would always equal the increase in our ability to do things, there would rarely be any general price inflation.

Put another way, an energy standard indication of inflation would in fact tell us how much energy to make or use...maybe that&#039;s what it&#039;s for.]]></description>
		<content:encoded><![CDATA[<p>Energy storage technology certainly is there.  What you overlook is that using a KWhr (as opposed to the popularly obscure Joule or erg) is in fact an ENERGY standard, and energy gathering, sorting, storing and redeploying is approximately the definition of life.</p>
<p>The particular unit is approximately arbitrary, as is the particular form anyone decides to &#8216;save&#8217; with.  KWhrs are something almost everyone is familiar with, from their electric bill.  And all energy storage can be compared to any other with a simple calculation that most people can do.</p>
<p>Most of what we do as life-forms is store energy, and our civilization has massive energy-storage capacity.  Everything from bombs to water towers qualify, not even talking about the high tech stuff.  Indeed, that massive amount of on-hand available energy would, under an energy-standard, become our financial system&#8217;s &#8216;reserve currency,&#8217; which would make accounting for our actual needs as life forms far easier, and all of our markets far stabler&#8230;and prices more accurate, and therefore useful.</p>
<p>That ease of accounting could easily be a primary major advantage, as good as getting the grids linked.</p>
<p>The stability of money would be the icing, but people are famous for doing the right thing for the wrong reason.</p>
<p>The major source of instability in the price (or more relevantly, the value) of electricity is the daily cycle of demand peaks and troughs.</p>
<p>If we built 1300 miles of electrical grid, we could pass those cycles all the way around the world, almost immediately balancing them out.</p>
<p>We do the same thing to some degree now with markets and overflow plants.  If we accounted in electricity, the balancing would be automatic and immediate, stabilizing the price / demand with not particular effort on anyone&#8217;s part.</p>
<p>Once connected those overflow plants could be recycled, or turned on to make money 24/7.  Hence the option for a 4-fold increase in total production.</p>
<p>There would be an early incentive to inflate electrical power and generate electricity&#8230;which you can read as &#8220;human power&#8221; because it gets used for our needs and desires.</p>
<p>Because the increase in the money supply would always equal the increase in our ability to do things, there would rarely be any general price inflation.</p>
<p>Put another way, an energy standard indication of inflation would in fact tell us how much energy to make or use&#8230;maybe that&#8217;s what it&#8217;s for.</p>
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		<title>By: Richard Bell</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-224000</link>
		<dc:creator>Richard Bell</dc:creator>
		<pubDate>Thu, 17 Jan 2013 02:01:22 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-224000</guid>
		<description><![CDATA[A kilowatt-hour of electricity standard looks good at first blush, but falls apart once you realize that energy storage technology is not there.  Also, electricity is a commodity that fluctuates in price.  If there was a storage technology that lost less energy, as a percentage, than a checking account loses money to banking fees, a kilowatt-hour based currency cannot happen]]></description>
		<content:encoded><![CDATA[<p>A kilowatt-hour of electricity standard looks good at first blush, but falls apart once you realize that energy storage technology is not there.  Also, electricity is a commodity that fluctuates in price.  If there was a storage technology that lost less energy, as a percentage, than a checking account loses money to banking fees, a kilowatt-hour based currency cannot happen</p>
]]></content:encoded>
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		<title>By: KJK</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-222805</link>
		<dc:creator>KJK</dc:creator>
		<pubDate>Sun, 13 Jan 2013 22:45:36 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-222805</guid>
		<description><![CDATA[Genius!  Thank you for adding practical thought to this discussion.  Although I find the argument regarding the production of the KaJallion dollar tissue to also have merit, the kabillion dollar napkin might be more realistic.  The debates will rage for lifetimes!]]></description>
		<content:encoded><![CDATA[<p>Genius!  Thank you for adding practical thought to this discussion.  Although I find the argument regarding the production of the KaJallion dollar tissue to also have merit, the kabillion dollar napkin might be more realistic.  The debates will rage for lifetimes!</p>
]]></content:encoded>
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		<title>By: Horace</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-222635</link>
		<dc:creator>Horace</dc:creator>
		<pubDate>Sun, 13 Jan 2013 05:29:39 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-222635</guid>
		<description><![CDATA[Your &quot;facts&quot;s about Obama are not facts, Julian, but a story, nay, a fairy tale from Obama himself, one that has been proven to have many holes in it.  Even the &quot;facts&quot; in Obama&#039;s autobiography portray him as a radial and drug taker.   A rational society would question the wisdom of someone who took cocaine and hung out with Marxists and other radicals, but we have low information voters like you to rely on for our presidents, don&#039;t we?]]></description>
		<content:encoded><![CDATA[<p>Your &#8220;facts&#8221;s about Obama are not facts, Julian, but a story, nay, a fairy tale from Obama himself, one that has been proven to have many holes in it.  Even the &#8220;facts&#8221; in Obama&#8217;s autobiography portray him as a radial and drug taker.   A rational society would question the wisdom of someone who took cocaine and hung out with Marxists and other radicals, but we have low information voters like you to rely on for our presidents, don&#8217;t we?</p>
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		<title>By: Horace</title>
		<link>http://www.aei-ideas.org/2012/12/how-could-washington-avoid-a-debt-ceiling-default-mint-a-few-trillion-dollar-platinum-coins-seriously/comment-page-3/#comment-222634</link>
		<dc:creator>Horace</dc:creator>
		<pubDate>Sun, 13 Jan 2013 05:15:23 +0000</pubDate>
		<guid isPermaLink="false">http://www.aei-ideas.org/?p=89532#comment-222634</guid>
		<description><![CDATA[Obama claimed in the bio that accompanied his first book that he was born in Kenya.  He allowed this claim to persist for over a decade, only refuting it when it became useful to do so.  The man is a liar.   Dissembling is his most despicable trait, doing so continuously, throughout his entire career.   And your claims to &quot;insensitivity&quot; are based upon the demagoguery of the Democratic supported press.  Your &quot;facts&quot; that make Romney, et al, insensitive come from the very mouths of the liars that put Obama in office.  The left likes to point to polls saying that the Republicans are evil, but those polls are the result of the the successful campaign of defamation promoted by the Democratic Party.  I hold no cordial feelings for you Julian, because you are a fool, like most Obamabots.]]></description>
		<content:encoded><![CDATA[<p>Obama claimed in the bio that accompanied his first book that he was born in Kenya.  He allowed this claim to persist for over a decade, only refuting it when it became useful to do so.  The man is a liar.   Dissembling is his most despicable trait, doing so continuously, throughout his entire career.   And your claims to &#8220;insensitivity&#8221; are based upon the demagoguery of the Democratic supported press.  Your &#8220;facts&#8221; that make Romney, et al, insensitive come from the very mouths of the liars that put Obama in office.  The left likes to point to polls saying that the Republicans are evil, but those polls are the result of the the successful campaign of defamation promoted by the Democratic Party.  I hold no cordial feelings for you Julian, because you are a fool, like most Obamabots.</p>
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