The platinum coin option
You may have noticed Atrios mention this. Basically, if Congress refuses to raise the debt ceiling, Obama can order the Treasury Dept. to issue trillion-dollar coins and use them to pay debt. Perfectly legal, too!
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As Ayn Rand didn’t write, “Who is Lambert Strether?”
(And how does he punch above his weight?)
???
A hat tip to Corrente, the blog that’s been pushing this idea for a long time…
Oh, I didn’t know that. Atrios would mention it in passing and I had no idea what he was talking about.