GoFuckYourself.com - Adult Webmaster Forum - View Single Post - When the two months expire, Treasury will no longer be able to pay the country's bills

Bill8 · 01-04-2013, 05:16 PM

I thought it was interesting, and funny, that krugman mentioned coin seigniorage in a recent editorial.

And time just did an article on it.

first highlighted in the Summer of 2011 by Yale Constitutional Law Professor Jack M. Balkin, is for the Treasury to use a loophole in the law meant to enable it to issue commemorative coins in order to issue two $1 trillion platinum coins, and then deposit them with the Federal Reserve. The Fed could then deposit funds with the Treasury in return.

Read more: http://business.time.com/2013/01/04/...#ixzz2H3VtGOJ2

01-04-2013, 05:16 PM
Bill8 Confirmed User Join Date: Oct 2001 Posts: 1,901	I thought it was interesting, and funny, that krugman mentioned coin seigniorage in a recent editorial. And time just did an article on it. first highlighted in the Summer of 2011 by Yale Constitutional Law Professor Jack M. Balkin, is for the Treasury to use a loophole in the law meant to enable it to issue commemorative coins in order to issue two $1 trillion platinum coins, and then deposit them with the Federal Reserve. The Fed could then deposit funds with the Treasury in return. Read more: http://business.time.com/2013/01/04/...#ixzz2H3VtGOJ2