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View Diary: Of Blazing Saddles and platinum coins: Why minting a $1 trillion one is neither smart nor necessary (216 comments)

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  •  Wow! You are smaller than I thought. (7+ / 0-)

    priceman was saying, essentially, that the debate and the education involved in this conversation, nationwide, is incredibly important. Sadly, you missed that. You also, of course, have missed all the facts about PCS and MMT along the way but you are in good company on that since a lot of people don't really have that background and haven't taken the rather large amount of time it takes to do the reading. I'm hoping you will keep reading on this subject and try to re-open your mind to the actual monetary and economic issues involved.

    As for you, priceman,

    Platinum Coin Seignioriage is more than just ending this debacle, it;'s about taking on austerity and educating the public on how our system works which is why the trillion dollar coin should be the start and we should go beyond that to have these coins pay for appropriations instead of issuing more bonds we don't need because we created what is being used as liquidity and lent to us when it's only there as a small interest rate tool; one of many we set as a government with the Fed.
    YES!!! Exactly.

    "When in doubt, do the brave thing." - Jan Smuts

    by bunnygirl60 on Fri Jan 11, 2013 at 10:25:35 PM PST

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    •  How can it educate the public... (0+ / 0-)

      ...when the GOP, as Billmon pointed out, was already demagoguing it?

      Visit http://theuptake.org/ for Minnesota news as it happens.

      by Phoenix Woman on Sat Jan 12, 2013 at 06:37:59 PM PST

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      •  The GOP doesn't control the mind of the country (2+ / 0-)
        Recommended by:
        dorkenergy, triv33

        They were demagoguing it the the dumbest way imaginable regarding the amount of platinum in the coin. Sorry, that's really not a good argument. It's actually astonishingly defeatist and ignorant. The GOP says we need entitlement cuts; I guess we better just surrender SS and Medicare. I guess we better just surrender to the fact that the US is broke because the GOP said it. On taxes, let's lower top rates beyond the Bush tax cuts. It's what they believe and their so powerful. let's lower the Capital gains tax to 0%. It's what they believe and I guess we better accept it.

        Wrong. The fact that this support for the TDC and PCS forced the WH to respond shows its effectiveness in educating the public which would go further there if we didn't just get the signal from the WH that they want cuts and don't care about solutions.

        So that is not a good point; neither is anything in this diary.

        I don't negotiate grand bargains with deficit terrorists!

        by priceman on Sat Jan 12, 2013 at 09:10:47 PM PST

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