Putting That $1 Trillion Coin to Good Use

Via Meadia

Paul Krugman is the latest economics commentator to endorse the hottest solution going to the debt ceiling standoff: minting a $1 trillion coin.

Comment:

Uh, oh!  If Krugman likes it, it must be bad.  I may have to re-think this idea.

Actually, I'm not serious.  I'd have to read what Krugman has to say before making a judgment.

Update:

I read Krugman's article.  Mary Matalin's observation that Krugman is practicing polemics and not economics, seems apt here:

This still leaves the question of whose face goes on the coin — but that’s easy: John Boehner. Because without him and his colleagues, this wouldn’t be necessary.

Actually, Mead cautioned above against abuse of this loophole in the law.  He said the currency is like Tinkerbell, it can only live if people believe in it.   Well, if truth is going to kill it, then it ought to die.  Krugman and his ilk might be the executioner.  Be careful what you wish for, Paul.