PwnallthethingsDebating with myself whether to actually write up the billion and twelve reasons why if the President wants to ignore the debt ceiling he needs to mint the coin, rather than use the 14th amendment, but also ... kinda feel like it will have an interested readership of somewhere between -4 and 0.
Paul Church@Pwnallthethings I'm a big fan of the coin because there's no obvious person who would have standing to sue, the bond market does not get an opinion on how it should be priced, the only entity that has to accept it is the Fed after which point money is fungible so no individual downstream transaction can ever be called into question, and it would provide a powerful stimulus package to the heist movie industry.