Read_697 – The Trillion Dollar Coin, Genius or a Joke? [James Lavish]

“To wit, we have raised the debt limit 22 times from 1997 to 2022. Yep, we’ve raised the limit 22 times in 25 years. Let that sink in for a moment. OK, so now that we’re all on the same you’ve-got-to-be-kidding-me-with-the-endless-and-reckless-spending-of-the-US-Government page, let’s dig into the mechanics a bit.” – James Lavish

We’ve hit the awful, shocking, totally unexpected debt ceiling again! OH MY! What ever will we do this time? Wait… I’ve got a brilliant plan. The Treasury can mint a Trillion Dollar Coin! And our problems will go away. Is this utter genius… or is this an embarrassing joke? I’ll let James Lavish take it from here in a very entertaining read from his substack, The Informationist.

Check out the original and the excellent substack over at James Lavish’s “The Informationist”:

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“As it turns out we don’t all have to pay our debts. Only some of us do.” – David Graeber, Debt the First 5000 Years
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