Yet again life imitates The Simpsons. Supposedly serious minded people have suggested Obama could circumvent congress and negotiating the debt ceiling by commissioning the Treasury Department to mint platinum coins in one trillion dollar denominations and depositing them to the Federal Reserve. Presto! Crisis averted.
Setting aside questions of legality or wisdom, why a $1 trillion coin? Why not a $100 trillion coin? With that kind of scratch Obama could send a $250,000 check to every man, woman, and child in America and still enough left over to pay down our National Debt in full. All of America’s financial woes would be solved.
If we’re going to go stupid, let’s go stupid in a big way. Mint a $100 trillion platinum coin. For the children.