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Paul Krugman: Coins Against Crazies

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At www.nytimes.com

So, have you heard the one about the trillion-dollar coin? It may sound like a joke. But if we aren't ready to mint that coin or take some equivalent action, the joke will be on us -- and a very sick joke it will be, too. There might be enough sane Republicans that the party will blink and stop making destructive threats. Unless this last possibility materializes, however, it's the president's duty to do whatever it takes, no matter how offbeat or silly it may sound, to defuse this hostage situation. Mint that coin!

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At www.nytimes.com


 

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