Thursday, January 10, 2013

A question for platinum coin supporters

- by New Deal democrat

Let's assume that Treasury minting a $1 trillion platinum coin is legal.

Now let's fast-forward to the year 2017. Another GOPer with the last name of Bush is President. The democratic Congress is blocking his plan to lower the tax rates on all earnings over $1 million to 5 percent. So he has the Treasury mint 1 million $1 million platinum coins and starts handing them out to his friends, cronies, and supporters.

It seems to me that would have to be equally legal.

In other words, this might be a classic case of "be careful what you wish for." Am I wrong?