The Trillion Dollar Platinum Coin could be a big deal

What a great opportunity to have a mainstream discussion about monetary reform! Here are some links to recent articles about the Trillion Dollar Platinum Coin: My favorite one so far is from a Modern Monetary Theorist on how most bloggers are looking at these issues through a constrained lens only related to the debt ceiling: "small ball versus big issues." Mint the Coin says that the US Treasury Secretary has the power to have the U.S. Mint create a $1 trillion coin. Then he can walk it over to the Federal Reserve and deposit it in the Treasury’s account. Then the government can keep paying its bills, regardless of how Congress votes on the debt ceiling issue. Banks and lending institutions must be required to maintain some percentage of the value of loans they issue and brokers must be prevented from profiting from the losses of their clients. Pre-empting commenters: Comparisons to a business or family budget fundamentally fail to understand how the modern monetary system works. Some sarcastic commenters on other blogs ask not cancel all debts: a Global Jubilee as in Biblical Times...sounds like something to consider. (Jokes below attributed to comments on DailyKos and here) That coin is the change we can believe in. Pres Obama: "When I said there would be no negotiation on the debt ceiling, well I mint it." Suggestion to put President Andrew Jackson's face on the coin since he was the only President to have retired all U.S. debt. The coin is/could be a blow against the Fed's private monopoly on issuance of public debt.