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All the serious people want you to suffer


Joseph M. Firestone's picture

Disconnect: High Value Platinum Coin Vs. Austerity!

A little disconnect: what President Obama, through Treasury and the Federal Reserve, really said last Saturday:

"We're running out of money because the Republican House may not allow us to f more »

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Why public debt is not like credit card debt


Joseph M. Firestone's picture

I Still Choose Using High Value Platinum Coin Seigniorage To End Austerity!

Yesterday, Ezra Klein reported in the Washington Post that:

The Treasury Department will not mint a trillion-dollar platinum coin to get around the debt ceiling. more »

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Joseph M. Firestone's picture

Ezra Klein Chooses Fear Mongering the Big Coin, I Choose Ending Austerity!

(H/t to Lambert Strether for the title!)

Here's a commentary on Ezra Klein's recent diatribe against more »

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Joseph M. Firestone's picture

Wake Up Progressives: the Trillion Dollar Coin Can Be Game-Changing!

Well, not really. But if you view the Trillion Dollar Coin (TDC) meme, as I do, as a short-hand for the more general idea of using Platinum Coin Seigniorage (PCS), then yes, it can change the whole political game for progressives if President Obama dares to use it. more »

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GOP terrorism - and Democratic complicity


Joseph M. Firestone's picture

The Small Ball Trillion Dollar Coin Seigniorage Exception

The exception to the general pattern focusing on the Trillion Dollar Coin (TDC) as the solution to the debt ceiling problem I outlined and critiqued in my last post, is in Joe Wiesenthal 's posts more »

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Joseph M. Firestone's picture

Wake Up Progressives: Bad Guys Are Trying To Steal the $Trillion Coin

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

Among the many posts on the Trillion Dollar Coin (TDC) and more »

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Alan Jenkins's picture

Watch Your Mouth! Ten Phrases that Progressives Should Retire in 2013

Along with the usual New Year’s resolutions about exercising, getting more sleep, and being more patient with the kids, progressives should add better communications to their list. We have an historic opportunity to frame the public debate this year in terms of social justice, human rights, and opportunity for all. more »

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Joseph M. Firestone's picture

Trillion Dollar Coin: Posts on Legality and Constitutionality

Enthusiasm for using Platinum Coin Seigniorage (PCS) to produce a Trillion Dollar Coin, or coins totaling a few more »

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Joseph M. Firestone's picture

Paul Goes Platinum!

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. more »

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Joseph M. Firestone's picture

The President's Leverage: He Can Go Platinum!

Well, that's over. The President had a chance to go “over the cliff,” bargain hard with the Republicans, get more of what he said he wanted at the price of perhaps some more days of crisis with extreme pressure building on the Republican caucus, and he blinked. more »

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Let’s Give Up on the Constitution

nytimes.com — Its a case of this famous old newspaper catching up with events.

It may have escaped the NYT's attention that the constitution got torn up in the reign of King W Bush and that the NYT did its fair share of damage when it printed articles supporting claims of non-existing weapons of mass destruction in Iraq thereby undermining the notion of free speech. Free to speak perhaps but no longer as the voice of the people. Free to speak for the government and corporations.

It takes a while to realise that this NYT Op Ed is probably the most honest thing they have written in a long time

C'st La Vie

Fare thee well then - on to darker times.

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Joseph M. Firestone's picture

Beyond the MSM: the New Wave of Brief Blog Posts on the Platinum Coin

Introduction more »

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Climate Chaos: some key 2012 events

As U.S. Infrastructure Crumbles, China Opens World's Longest High-Speed Rail Line

6 Ways to Juice Up the Labor Movement

Don't Cut Social Security -- Double It


Joseph M. Firestone's picture

Government Financial Asset Addition = “Deficit”; and More

The word “deficit,” when applied to the Government financial accounting of a monetarily sovereign nation, that is, one that issues a non-convertible fiat currency, with a floating exchange rate, and no debts in a currency it doesn't issue, is a problem, because the label “deficit” when applied to such a Government doesn't mean what most people think it means. more »

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