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Probably not rhetorical, I don’t think most people know about what obscure laws that make these kinds of loopholes work. I’m actually surprised you thought it w
by bananabiscuit 5y ago
Probably not rhetorical, I don’t think most people know about what obscure laws that make these kinds of loopholes work. I’m actually surprised you thought it was common enough knowledge that you suspected the question was rhetorical.
- detaro 5y agoIt's mentioned in the article.
- verall 5y agoIt is the subject of the article. My best faith reading of the original comment was that it decries the arbitrary nature of platinum - if we are calling it a $trillion, why not make it out of anything? But the debt ceiling is itself a legal construction. People call it a "loophole" because of episodes of The Simpsons or whatever but the Treasury is explicitly given permission to issue coins of arbitrary value. The debt ceiling is itself a legal construction.