Podcasts: Read_697 - The Trillion Dollar Coin, Genius or a Joke? [James Lavish] 🔗 1 year ago

"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": https://jameslavish.substack.com/p/the-trillion-dollar-coin-genius-or

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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 Learn more about your ad choices. Visit megaphone.fm/adchoices

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