Economist Ridicules Congressman's Platinum Coin Bill
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January 7, 2013 - 11:24pm
Econintersect: Economist Warren Mosler has used some particularly depreciative language in his criticism of a bill introduced by U.S. Rep. Greg Walden (R-OR). Walden proposes to enact a law that would prohibit the issuance of trillion dollar platinum coins by the U.S. Department of the Treasury which would enable the payment of expenditures authorized by Congress without violating the national debt ceiling.
Mosler used the teminology that Walden's bill is a "mysteriously rushed contradiction wrapped in an enema…"
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