Platinum Coin Seigniorage Goes Mainstream
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January 5, 2013 - 4:10am
Econintersect: A proposal to remove the problem of government spending adding to the mounting national debt by issuing a platinum coin of large nominal value (say $1 trillion) and depositing it in the government account at the Federal Reserve is gaining traction in some circles. A petition is being prepared to present to the White House and some Congressmen are talking seriously about it. Articles are appearing in main stream media, such as Bloomberg and The New York Times (although Paul Krugman does express reservations).
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