Platinum coin would have been seen as preposterous by average people - that's why it wasn't used

Well, Obama has nixed the idea of using the "trillion dollar platinum coin". My opinion on why this option was not used is because the coin idea is SELF EVIDENTLY PREPOSTEROUS and even brain dead Americans can see that. The current money dilution schemes like the Fed buying treasury bonds appears obscure, mysterious and incomprehensible to average people which is how the powers-that-be like it. Not so the coin. 

Jon Stewart mocked the idea of the platinum coin. I doubt that he has mocked the purchase of treasuries by the Fed. This caused the monstrous and horrible King of the Keynesians Paul Krugman to go berserk: 

"Above all, however, what went wrong here is a lack of professionalism on the part of Stewart and his staff. Yes, it’s a comedy show — but the jokes are supposed to be (and usually are) knowing jokes, which are funny and powerful precisely because the Daily Show people have done their homework and understand the real issues better than the alleged leaders spouting nonsense. IN THIS CASE, HOWEVER, IT’S OBVIOUS THAT NOBODY AT TDS SPENT EVEN A FEW MINUTES RESEARCHING THE TOPIC. IT WAS JUST YUK-YUK-YUK THEY’RE TALKING ABOUT A TRILLION-DOLLAR CON HAHAHA. [Bob Roddis says "HA HA HA, Krugman, you miserable jerk!"]

Hey, if we want this kind of intellectual laziness, we can just tune in to Fox.

Update: Some people are asking why I don’t go on TDS to explain. Um, first I have to be invited — which hasn’t happened since, I think, 2005."

Trillion dollar platinum coin is the end of civilization - and no one cares

While I never predicted high inflation to ensue back in 2009, I did think that Keynesianism and the war on terror had been exposed as complete nonsense responsible for our bad times and were finally finished. Never did I expect the welfare/warfare monsters to double down on their horrible policies, in the very least because I thought the public would not let them. Because there is no pushback from the brain dead citizenry, these monsters feel more secure in coming out of the closet from the formerly obscurantist form of Keynesianism and interventionism so now we get the absurdity of a trillion dollar platinum coin.  These people are shameless and hopeless.  

And, of course,  we must continue our bankrupting and barbarous foreign policy because the Bible says we must support Israel’s right and obligation to conquer the Middle East and kill A-rabs. I actually thought exposing these noodle-brains for what they really believed would make an impact. I was wrong.

I also must admit that I never thought that the Keynesians would have the audacity to meticulously and continuously ignore the Austrian concept of economic calculation in the face of a constant challenge on the topic. I was wrong on that too.

If one were looking for a way to demonstrate how faithfully the Obama administration had carried on the evil legacy of the Bush administration, this past week takes the cake.

John Glaser writes that if one were looking for a way to demonstrate how faithfully the Obama administration had carried on the evil legacy of the Bush administration, this past week takes the cake:

1. Warrantless wiretapping of American citizens;

2. Indefinite detention without charge or trial;

3. Targeted killings of suspects by drone, without any pretense of due process (even if they are US citizens) remains none of the American people’s business.

Nothing to worry about there, right?