New York Times Columnist--and former Enron advisor--Paul Krugman has a new idea for solving the latest debt ceiling crisis: mint a $1 trillion platinum coin if Republicans try to force America into default.
Good thing he has already declined the nomination (that he was never really offered) to replace Treasury Secretary Timothy Geithner.
In a half-serious blog post Monday, Krugman argues that using the loophole to create the coin could allow the president to sidestep the "destructive institution" of the debt ceiling, "while doing no economic harm at all."
On "Wilkow!" Monday Anthony Davies of the Mercatus Center at George Mason University discussed the ridiculous notion of a $1 trillion coin, as well as more serious issues of debunking demand-side economics as Washington enters the next round of debt negotiations following the Fiscal Cliff.