Some People in Washington Are Taking the Trillion Dollar Coin Seriously

Tuesday, January 08, 2013

coins, bank (Tattooed JJ/flickr)

Some pundits, including Paul Krugman, have proposed minting a trillion dollar coin as a way for Democrats to avoid a debt ceiling fight with Republicans.

Is the proposal legal? Is anyone taking it seriously? Todd Zwillich, our Washington correspondent, explains.

Guests:

Todd Zwillich

Comments [4]

A.Mead

As a former student of Krugman, the brilliant economist, I have concluded after reading his column for the past few years and this latest $1T coin gimmick that he either is addicted to fame or is suffering from dementia. Sir Isaac Newton went crazy as well. Very sad.

Jan. 08 2013 01:41 PM
mike from portland, oregon

alfred E. Newman's face should be on the coin with his phrase "What? Me Worry?"

Jan. 08 2013 01:37 PM
Larry Fisher from Brooklyn, N.Y.

This story has Seuss written all over it...What happens if someone pockets the trillion dollar coin? Possible Seuss titles: Flipping A Trillion, If I Ran The World, And To Think That I Saw It In A Safe,Horton Hatches A Trillion,How The Grinch Stole The Economy,

My vote is to have the cat in the hat on the coin, and make the coin really really big, so that it can't roll away or fall into a drain.

Jan. 08 2013 01:30 PM
listener

Republican effort to control a ruinous debt heading to 20 trillion dollars is "absurd, it's too risky..a really, really stupid thing to do."
Does not mean a US Senate not passing a budget in over three years along with our impressive outgoing Treasury Secretary getting zero votes for the administration's budget while spending trillions is not ""absurd, it's too risky..a really, really stupid thing to do"?

How ever this trick coin is designed it should definitely have two heads.

Jan. 08 2013 10:43 AM

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