Submission + - Congressman introduce bill to ban minting of trillion-dollar coin (politico.com)
Dainsanefh writes: Lawmakers are still positioning themselves for a debt ceiling fight in a few months, but one Republican congressman wants to snuff out a particular idea immediately: the U.S. Treasury minting $1 trillion platinum coins to avert a debt ceiling showdown.
Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.
The trillion-dollar coin has been previously discussed on Slashdot:
http://news.slashdot.org/story/11/07/30/1351209/seigniorage-hack-could-resolve-debt-limit-crisis
Rep. Greg Walden (R-Ore.) has introduced a bill to specifically ban President Barack Obama from minting the coins.
The trillion-dollar coin has been previously discussed on Slashdot:
http://news.slashdot.org/story/11/07/30/1351209/seigniorage-hack-could-resolve-debt-limit-crisis
