"“Debt clocks” and bogus concerns about “borrowing from our grandchildren/China” fuel demands for needless tax increases and spending cuts, Grey says. Debt scolds may be willing to support limited fiscal measures now, but they could always block needed action in the future if the
government felt the need to issue bonds to pay its expenses. The trillion-dollar coin would get around this. Grey believes Tlaib’s relief program should be inoculated against those concerns by breaking the link between deficit spending and debt issuance. From this perspective,
the platinum coin should help prevent the premature withdrawal of needed support for the economy. Encouragingly, Grey has found that the simplicity of the proposal “seems to be having a radically empowering effect on average people to demand we do this.”
barrons.com/articles/can-t…
barrons.com/articles/can-t…
Thank you @M_C_Klein and @barronsonline for the great write-up on @RashidaTlaib's #ABCAct proposal to #MintTheCoin!
