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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (151183)	1/8/2013 9:53:17 PM
From: lorne	Read Replies (1) \| Respond to of 224757

Why 2013 Will End in a Severe Recession By Gail Tverberg \| Tue, 08 January 2013 oilprice.com

To: Jorj X Mckie who wrote (151183)	1/9/2013 5:27:22 AM
From: tonto	2 Recommendations Respond to of 224757

It does not surprise me that this gimmick would be floated out there and even considered...but it truly reflects how clever the politicians think they are...very bad idea and it is ridiculous. "When intellectuals of such distinction can state ... that 'There's nothing that's obviously economically problematic' about a theoretical near trillion dollar discrepancy between the intrinsic, or market, value and nominal value of U.S. legal tender it would appear that cleverness is triumphing over motherwit in Washington," writes Ralph Benko about Gagnon on his blog The Gold Standard Now The platinum coin trick does not pass the laugh test; this does not mean, however, that the idea is going nowhere. Unless Congress acts to prohibit the coins from ever being struck it is always possible the president, any president could keep one or two up his sleeve just in case. It's bad policy, bad politics, and bad economics. It should be rejected out of hand and the White House should make clear it has been."