Trillion dollar coin idea *finally* goes down in flames.
About freaking time, too. Forget about the government minting a $1 trillion coin to solve its debt-limit crisis. Treasury Department spokesman Anthony Coley said Saturday that neither his department nor the Federal Reserve believes the law can or should be used to produce such a coin to avoid a coming battle with Congress over government borrowing. Some of President Barack Obama’s liberal allies have been | Read More »
Lew’s signature: Ego, Eagleton or IQ problem?
Usually when one sees such scribbling on U.S. currency it is evidence of a technical violation of federal law and that gravity was employed to cause ink to flow to the tip of the previously unresponsive violator’s pen. When seen other than on currency it is usually an adult’s boredom-induced doodling; a third-grader’s first attempt at cursive writing or markings made by a monkey that | Read More »
Will Obama Mint a Trillion Dollar Coin to Circumvent Debt Debate?
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss the minting of a trillion dollar coin as a potential work around of the debt limit debate, what impacts it would have on the market and if this super-coin could work in a Coke machine.
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