It’s time to hit the coin, sick!
If you haven’t been paying attention to the most tragically online sectors of the financial internet, here’s a summary: the government is about to shut down — yes, Again — to discuss the national debt. But there is a way out, and it has been known for years. What we’re doing is minting a $1 trillion platinum coin.
No one in Congress even seems capable of pretending to act like an adult. So in that spirit, I present to you the play
Since 2003, there has been an increasing level of stupid nonsense from our elected officials around the debt ceiling. The “debt ceiling” is a limit on government spending that was instituted in 1917. When there is a Democrat in the White House – and sometimes, even when there isn’t – politicians decide that messing with the debt ceiling is a great way to get their pet policies passed. These buffoons love to play chicken with the idea of defaulting on our public debt! Why they think it’s cute or funny, I don’t know, but in 2003, 2011, 2013, 2014, 2015, 2017, 2019, 2021, and now we’ve had to witness a bunch of debt ceiling pranks .
There are theoretically adult-sounding ways to revise the law to address this issue, but I invite you to contemplate our elected officials. No one in Congress even seems capable of pretending to act like an adult. So with that in mind, I present to you the piece, which is cool as hell.
In theory, it’s not a good idea to even have politics in existence. In practice, if we don’t, the debt ceiling standoffs never end.
That’s right, the idea for the platinum coin in its current form came from the comments section of a blog called Pragmatic Capitalism back in 2011. Online terminals have talked about it every time we’ve had a crisis of the debt ceiling since.
In theory, it’s not a good idea to even have politics in existence. In practice, if we don’t, the debt ceiling standoffs will never end. There are serious adults who have written political material on the play, but I’m not focusing on that. If you want a serious case to hit the coin, here’s one. Me? I focus on (1) the play is cool and (2) the debt ceiling debates suck.
Also, think about the designs we could put on it, especially if, for example, we make it about the size of a hubcap and maybe also make it glow in the dark. I don’t see why the Canadian Mint has all the fun.
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