Jan
08
2013

“Forget it, Meg’.”

It’s Washington.”

I am still trying to wrap my brain around the idea that the hottest topic in Washington today is . . . collectible platinum coins.  I mean, seriously.  And this is not one of those stories where you find out that there are actually smart policy reasons why pundits and legislators are spending hours debating whether the president has the authority to mint a trillion or so worth of platinum coins; if anything, the story is even stupider than it sounds.

Read the whole thing.  Megan McArdle promised a rant, and she delivered: “An ADHD day trader with a cocaine habit and six months to live has considerably more long-term planning skills than our current congress” is the sort of thing that I’d imagine she’d say after her third swig of tequila from the bottle, and just before Megan started laying about her with the pool cue. But if I may be a bit of a partisan hack, here? …One of the major reasons that we’re in this mess is because the President has the emotional maturity of a fifteen year old, not to mention daddy issues of a type and pervasiveness not seen since Al Gore Jr. Not that  I can stop the Left from thinking that it’s all our fault, of course.  If for no other reason than blaming us beats thinking about their current situation…

Moe Lane

Via:

5 Comments

  • Catseyes says:

    Actually I am beginning to think this might be a good idea, I’ve had a few drinks so take this for what it’s worth. Congress should authorize the printing of 16 platinum coins to be circulated only once, to pay off our national debt. The coins can be redemned only once from the Federal Reserve for a deposit to be spent over ten years or more said coins will then be stamped as “Not currency”. They can be used to buy companies, corporations, oil, Natural gas, coal, metals, goods, copyrights, artworks, essentially whatever you can get someone to sell you. For the Saudi’s that does not include people. One time only, the national debt has been building since the Revolutionary War if we can end it now by an act of congress maybe we should. I think we are a very rich country if we can do this we should.

    Douglas M. Valek

    • acat says:

      Numismologists would .. ahem .. themselves. Possibly sideways.
      .
      I think it’s a terrible idea, just another creative way to increase spending without really dealing with the debt created.
      .
      If, by the way, I were to get one .. I think I’d buy Yellowstone and go into the geothermal business.
      .
      Mew

  • Luke says:

    What’s really horrifying is reading some of the people supporting the idea. (Business Insider was especially bad.)
    It takes large amounts of effort to be that credulous. This isn’t ignorance, it’s a willing suspension of disbelief.

  • Catseyes says:

    It’s a scam of course but possibly a very useful scam for the U.S. here the money you loaned us, spend it here. It will be highly inflationary tho so there is that.

  • Finrod says:

    With any luck, ‘trillion-dollar coin’ will be the permanent punchline to the Obama presidency.

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