Riverdaughter goes to Crazy Town:
In the meantime, I’ve seen the kerfuffle between Jon Stewart and Paul Krugman over Platy, the $1 TRILLION dollar platinum coin and I’m going to side with Krugman on this one.
Jon Stewart, meet me at camera 4.
Ok, see here’s the thing. I know the coin idea, which was viable until the Fed shot it down, sounded bug f^&*ing nutz. I’m guessing your brother had something to do with your attitude. Maybe there’s some internal family related capture going on there that you might not be quite willing to admit to.
But I figure it this way. It’s like someone is trying to abduct you in the grocery store parking lot. If they’re going to get all insane, YOU need to get all insane. Like roll your eyes back in your head, let out some blood curling shrieks, foam at the mouth, lose control of your bladder. If you don’t do anything just as crazy to make the abduction more trouble than it’s worth, the crazy guy is going to take you for a nice loooooong ride from which you may never return.
Okay, RD is right about the Trillion Dollar Coin Trick sounding bug fucking nuts. But that’s only because it is bug fucking nuts. It’s a trick – a gimmick that does nothing to address our very serious problems.
Best case scenario with the TDCT – no harm is done and we go deeper into debt. Worst case scenario – Weimar Republic-style inflation and the destruction of the U.S. credit rating. Most likely scenario – loss of Obama administration’s remaining credibility.
What I find really objectionable is the framing. Advocating fiscal responsibility is not crazy. Neither is the idea that we need to get the national debt under control.
Reasonable people can disagree. But if your position is to roll your eyes back in your head, let out some blood curling shrieks, foam at the mouth, and lose control of your bladder then chances are you aren’t the ones being reasonable.