this is something else.
http://www.washingtonpost.com/blogs/won ... l_cuzheads
platinum coin to solve debt problem?@!
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murphy_p_t
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Re: platinum coin to solve debt problem?@!
I think that Gumby has touched on this topic in the past.
Q: “Do you have funny shaped balloons?”
A: “Not unless round is funny.”
A: “Not unless round is funny.”
Re: platinum coin to solve debt problem?@!
I love this. It highlights how manufactured our "debt crisis" is.
everything comes from somewhere and everything goes somewhere
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Pointedstick
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Re: platinum coin to solve debt problem?@!
Vis-a-vis the debt, There's no "problem" to solve. The real problem is with private sector balance sheets, not government debt.
Human behavior is economic behavior. The particulars may vary, but competition for limited resources remains a constant.
- CEO Nwabudike Morgan
- CEO Nwabudike Morgan
Re: platinum coin to solve debt problem?@!
I love blowing peoples' minds with this stuff.
"Men did not make the earth. It is the value of the improvements only, and not the earth itself, that is individual property. Every proprietor owes to the community a ground rent for the land which he holds."
- Thomas Paine
- Thomas Paine
Re: platinum coin to solve debt problem?@!
Interestingly, enough people have had time to think about the logistics and a lot of people now realize that it wouldn't be inflationary. Cullen Roche explains...
http://pragcap.com/platinum-coin-easing
The idea was originally theorized on Cullen's blog by one of his commenters, "Beowulf" (aka, attorney Carlos Mucha).
Of course, it would only be used as a last resort — an escape hatch if all else fails. And, I'm sure it would set off a wave of lawsuits. It's not ideal because it shows the ridiculousness of our monetary system.
http://pragcap.com/platinum-coin-easing
The idea was originally theorized on Cullen's blog by one of his commenters, "Beowulf" (aka, attorney Carlos Mucha).
Of course, it would only be used as a last resort — an escape hatch if all else fails. And, I'm sure it would set off a wave of lawsuits. It's not ideal because it shows the ridiculousness of our monetary system.
Last edited by Gumby on Fri Dec 07, 2012 9:21 pm, edited 1 time in total.
Nothing I say should be construed as advice or expertise. I am only sharing opinions which may or may not be applicable in any given case.