https://nitter.1d4.us/jimtankersley/status/1653416499145580544

  • wopazoo [he/him]
    ·
    edit-2
    2 years ago

    for people who are unfamiliar with "the coin": https://en.wikipedia.org/wiki/Trillion-dollar_coin

    The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.[1]

    • ssjmarx [he/him]
      ·
      2 years ago

      very high-value platinum coins

      I know they want to use platinum to make it seem super valuable and rare, but they should just make it out of plastic to emphasize how arbitrary all this shit is.

    • edge [he/him]
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      2 years ago

      Rashida Tlaib called for minting two of them in 2020 to pay for covid relief. IIRC most of which would go to basically a universal basic income.