Discover and read the best of Twitter Threads about #seigniorage
Most recents (1)
The #DebtCeiling debate is genuinely absurd: Congress authorized the spending of new dollars, so the Treasury has to create them. For Congress to turn around and force the Treasury NOT to create the dollars it ordered the Treasury to create is an obvious political gimmick.
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If you'd like an unrolled version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
pluralistic.net/2021/10/19/moi…
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pluralistic.net/2021/10/19/moi…
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Hence the #TrillionDollarCoin - a proposal to use a 2000 amendment to 31USC§5112k ("Denominations, specifications, and design of coins") that permits the Treasury Secretary to "mint and issue platinum bullion coins and proof platinum coin [at] the Secretary’s discretion."
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