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View Diary: President Obama Should Use Coin Seigniorage Now! (55 comments)

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  •  Nah, the world's confidence would be fine. (2+ / 0-)
    Recommended by:
    BruceMcF, Wendys Wink

    This would be simply a power play in the US Treasury vs. the Fed -- it would eliminate the nonsense about the "debt limit" (a bogus right-wing invention) and eliminate the tyrrany of the Fed Bank Presidents, at one move.

    Read pp. 1-7 of Krugman's _The Great Unraveling_ (available from Google Books). NOW.

    by neroden on Wed Jan 19, 2011 at 06:24:36 PM PST

    [ Parent ]

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