This entry was posted on Thursday, January 10th, 2013 at 9:53 am and is filed under Currencies.
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53 Responses to “Meet the Genius Behind the Trillion-Dollar Coin”
may be : we continuosly need or to do debt or to print new money (Paper Bit Platinum it’s quite the same) becuase capitalism have natural tendency to act a wrong distribution of resources between labour/businesess.. so middle class of consumers don’t have money to buy a close output gap = unemployment.. the index of Gini that is more bad decade after decade is a signal.. utilization of production capacity in Usa that decline from 1970 to now (with big wave of course) is another signal.. so.. new money/deficit = redistribution..
may be.. Platinum Coin it’s only a way to avoid political obstacle of people that don’t agree with this view ?
Just read the article. It’s the first major national/international article I’ve read on this subject in the mainstream press that significantly associates the coin idea with MMT.
It seems to me that the press this whole thing is getting is the ideal opportunity for MMT to break out into mainstream consciousness. Yet, it seems we aren’t doing much to do so or none in the MMT community really has much clout with the media or a willingness to develop it. And unless we get out there to help define ourselves others more ignorant will do so – and already are. The undercurrent of the Wired story is that MMT/MR are a bunch of weirdo geeks chatting from their mama’s basement. Why don’t we have somebody on Nightline at least?
I hope somebody is working on something now behind the scenes to exploit this. Otherwise, what a huge missed opportunity. What a shame.
When I first heard about this idea, I have to admit that I thought it was a crock. But the more I read about it and read the law behind this idea, I screamed to myself “this *(&Y is $&%*()N legal”. And there’s nothing the republicans can do to stop it. To which I say Make enough of them to eliminate the debt and don’t pubicize how many you actually minted. That way if you come up to the limit again there’ll be bypass for it.