Bruce Bartlett: Furor Over Platinum Coin Misguided
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January 16, 2013 - 2:47am
Econintersect: Political economist Bruce Bartlett (pictured) has presented a most straight-forward essay on the accounting features of the trillion dollar coin in today's (15 January 2013) New York Times. The Op Ed succeeds more directly than a prior GEI Opinion article in explaining that the process of creating a trillion dollar coin with a small amount, say $1,000, of platinum would change nothing in the accounting processes and the monetary policy activities that have been used up to this time. Bartlett points out that the creation of the coin does nothing to increase spending by the government and therefore has no inflationary expectations.
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