Results 1 to 3 of 3

Thread: What is the difference between defaulting on nat. debt, and trillion $ coins?

  1. #1

    What is the difference between defaulting on nat. debt, and trillion $ coins?

    One is advocated by Austrian's like Rothbard, the other by Keyensians like Krugman,

    I see little real difference between these two approaches. Both are essentially repudiating the debt, but one method uses some legal loophole to try and pretend it's not. Both actions would have a similar effect on the nations credit worthyness in the eyes of our creditors.

    Thoughts?



  2. Remove this section of ads by registering.
  3. #2

  4. #3
    LOL...it's a good question. Maybe politicians don't have a problem with defaulting on the value of the dollar, because the constituents (the American public) doesn't have the lobbying prowess that t-bills have? Many banks have lots of t-bills and depend on t-bill contracts...I'm sure they're pulling Obama's puppet strings behind the scenes on this issue.



Similar Threads

  1. Trillion Dollar Coins: The Ultimate Debt Ceiling End-Around?
    By Reason in forum U.S. Political News
    Replies: 0
    Last Post: 01-04-2013, 10:54 AM
  2. $1 Trillion Platinum Coins to "Solve" Debt Limit Issue
    By RonPaulFanInGA in forum U.S. Political News
    Replies: 27
    Last Post: 12-08-2012, 06:25 PM
  3. Replies: 0
    Last Post: 06-07-2012, 06:11 PM
  4. Defaulting On Debt. Sticking It To The Banks.
    By libertyisntdead in forum Ron Paul Forum
    Replies: 1
    Last Post: 07-15-2011, 05:44 AM
  5. Defaulting on debt deflationary?
    By Mister Grieves in forum Economy & Markets
    Replies: 12
    Last Post: 12-06-2009, 08:22 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •