Platinum coin | AEIdeas

Thursday, May 23, 2013

Paul Krugman's Strange Ireland Prediction

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Jon Stewart vs. Paul Krugman on the $1 trillion coin

Marc Thiessen | January 15, 2013, 12:45 pm

In the Washington Post this week, I noted that if the president could really create a trillion dollars out of thin air simply by minting a magic coin, why would he stop at one? He could mint 17 and eliminate … read more >

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Foreign and Defense Policy, AfPak

Banter #82: Drone Strikes, Pakistan, and the Taliban

Stuart James | January 11, 2013, 2:30 pm

Drones have played a major role of the United States’ war on terrorism. Earlier this month Mullah Nazir, a top Taliban commander in Pakistan, was killed by a drone strike and AEI’s Reza Jan is here to discuss the importance … read more >

Economics, Taxes and Spending

Debt-ceiling gimmicks shouldn’t distract from confronting America’s fiscal reality

John Makin | January 11, 2013, 10:53 am

The Congress needs to undertake, and the president needs to support, a major fiscal initiative like the one spelled out over two years ago by the Simpson-Bowles bipartisan debt commission. read more >

Economics, Pethokoukis

Former Bush II economist: Trillion-dollar platinum coin ‘better than the alternatives’ if US reaches brink of default

James Pethokoukis | January 8, 2013, 4:20 pm

Donald Marron was a member of President George W. Bush’s Council of Economic Advisers. Currently, he’s director of the Tax Policy Center. Regarding the trillion-dollar platinum coin idea, he finds the legal arguments against it “weak at best,” and the … read more >

Economics, Pethokoukis

Former boss of US Mint on trillion-dollar platinum coin: ‘Good luck with that’

James Pethokoukis | January 8, 2013, 3:38 pm

An earlier blog post of mine quoted the 35th director of the US Mint on the idea of a trillion-dollar platinum coin. Said it was legal and doable. But the 38th director, Edmund Moy, has big doubts (via CNBC): First, … read more >

Economics, Pethokoukis

Would the trillion-dollar platinum coin finally make hyperinflation fears a reality?

James Pethokoukis | January 8, 2013, 12:27 pm

Incredibly, the idea of the US government minting a trillion-dollar platinum coin to evade the debt ceiling seems to be gaining traction. This despite that it amounts to a mega-monetization of the US debt. As economist Josh Hendrickson points out at … read more >

Economics, Pethokoukis

What the guy who helped write the trillion-dollar platinum coin law told me

James Pethokoukis | January 8, 2013, 6:08 am

I got an email from one Philip Diehl who says he is the former U.S. Mint director and helped write the law authorizing the trillion-dollar platinum coin. Here it is, in full. I am the former US Mint director who … read more >

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Economics, Pethokoukis

Bank analyst: Either the 14th amendment or trillion-dollar platinum coin options ‘would be as bad as an actual default’

James Pethokoukis | January 4, 2013, 3:20 pm

Are there other financial options for the US government other than Congress approving a higher debt ceiling? Analyst Jaret Seiberg from the Washington Research Group has looked at two that are being discussed — and he’s dismissive of both: The … read more >

Pethokoukis

How could Washington avoid a debt ceiling default? Mint a few trillion dollar platinum coins. Seriously

James Pethokoukis | December 5, 2012, 10:04 am

While raising the US debt ceiling has not gotten as much attention — yet — as the risk of falling off the fiscal cliff, it soon will. The limit will likely be hit by year end. And if Congress fails … read more >

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