Tag Archives: Jerrold Nadler

Wake Up Progressives: The Bad Guys Are Trying To Steal the Trillion Dollar Coin to Save the Financial Status Quo!

Posted on January 7, 2013 by Devin Smith | 28 Comments

Among the many posts on the Trillion Dollar Coin (TDC) and Platinum Coin Seigniorage (PCS) we’re seeing this week, is a category of posts favoring using PCS in a limited way to avoid the debt ceiling crisis, rather than using it in a much more robust way, that would change the procedures underlying Federal spending, so that fiscal policies advocating austerity no longer have a political foundation in a visible and rising national debt that austerity advocates can constantly talk about fixing through “shared sacrifice.” Continue reading →

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Posted in Joe Firestone

Tagged #60Tcoin, #PCS, #TDC, debt ceiling, debt-subject-to-the-limit, default, Fed, fiscal cliff, game-changing PCS, Jerrold Nadler, Joe Wiesenthal, Josh Barro, krugman, MMT, Modern Monetary Theory, platinum coin seigniorage, small ball PCS, TDC swap, Trillion Dollar Coin

Paul Goes Platinum!

Posted on January 4, 2013 by Devin Smith | 70 Comments

By Joe Firestone

Another platinum coin surge in the Second Wave rippled through the mainstream media yesterday and this time hit the Congressional Progressive Caucus. Domenico Mantanaro of MSNBC kicked things off on one of the morning shows by mentioning the Trillion Dollar Coin (TDC) as a possible solution to the debt ceiling problem. Then, in the afternoon, on MSNBC’s the cycle, Krystal Ball, and Steve Kornacke, in discussing the coming debt ceiling conflict talked rather matter-of-factly, I thought, about minting some TDCs to get around the debt ceiling. Continue reading →