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View Diary: GOP congressman accidentally admits President Obama could legally mint the trillion dollar coin (116 comments)

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  •  It's fine (3+ / 0-)
    Recommended by:
    Garrett, psyched, Capt Morgan

    It's basically an indication that sovereign fiat money is working in exactly the way it always.  

    This whole notion that we must borrow to spend our own currency is really the absurd part of all of this.

    It is a mistake to think you can solve any major problems just with potatoes. ~~ Douglas Adams

    by Remillard on Mon Jan 07, 2013 at 02:29:44 PM PST

    [ Parent ]

    •  I disagree (1+ / 0-)
      Recommended by:
      Sparhawk

      and I think the markets will disagree with that thesis as well.

      "The two pioneering forces of modern sensibility are Jewish moral seriousness and homosexual aestheticism and irony." Susan Sontag

      by Shane Hensinger on Mon Jan 07, 2013 at 02:33:21 PM PST

      [ Parent ]

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