Hurry, Mint That Platinum Coin!

Despite facing plenty of blowback from wags, wonks, and politicos over the past week—such as Ezra Klein in the Washington Post—Paul Krugman is continuing his push for the $1 trillion platinum coin option to bypass the looming debt ceiling debate. (Here’s a summary of how it works.) It’s a “vile absurdity” that Congress has forced this fight in the first place, so “using an accounting trick to negate it is entirely appropriate,” writes Krugman in The New York Times. Read more…