The Platinum Coin Idea Is Idiotic. That Is The Point.
washingtonpost.com — This is apparently platinum coin week among the economic punditocracy. It is not a moment that should inspire great pride in America, but here we are. Here are some key things to understand about a debate that started as a strange, amusing sideshow and is increasingly front and center in the economic policy debate. I’ll lay out this econo-pundit’s conclusion upfront: I hate the platinum coin idea. But if there is no resolution of the debt ceiling through the legislative process, I hate some of the alternatives more.