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> Professor Jonathan H. Adler of the Case Western Reserve University School of Law has said that he believes the legality of the trillion-dollar coin to be dubi
by MagnumPIG 7y ago
> Professor Jonathan H. Adler of the Case Western Reserve University School of Law has said that he believes the legality of the trillion-dollar coin to be dubious.
One of the most harebrained schemes hatched to date, "dubious".
- akhilcacharya 7y agoTo be fair, almost causing a default was also pretty harebrained. Modern problems require modern solutions
- blackflame7000 7y agoTrue but the cost of getting it wrong is the American economy so let’s not get too clever for our own good like the mortgage crisis.
- Wowfunhappy 7y agoAnd the cost of the US defaulting on its debt would be...?
- blackflame7000 7y agoProbably something along the lines of the end of the soviet union followed by China taking over as the world reserve currency.
- jsnider3 7y agoGlobal Financial Crisis Part Two
- mc32 7y agoThey’d probably ex-post make it legal.
- jpxw 7y agoTwo wrongs don’t make a right
- celticninja 7y agoTrue, but they can delay the outcome.
- AtlasBarfed 7y agoModern timeframe: next election cycle, or the strike date and price of your options.
- caf 7y agoWhen the going gets weird, the weird turn pro.
- wodenokoto 7y agoHarebrained ideas are not illegal. He is not commenting on the effect of the solution being dubious, but it’s legality.