The true, Terry Pratchett-esque origins of the trillion-dollar coin - Cory Doctorow

The true, Terry Pratchett-esque origins of the trillion-dollar coin – Cory Doctorow

The debt ceiling debate is genuinely absurd: Congress authorized the spending of new dollars, so the Treasury has to create them. For Congress to turn around and force the Treasury not to create the dollars it ordered the Treasury to create is an obvious political gimmick. Hence the trillion dollar coin… Now … Continue reading The true, Terry Pratchett-esque origins of the trillion-dollar coin – Cory Doctorow

The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

Instead of issuing new debt and running afoul of the debt ceiling, the Treasury secretary could simply fund the government by minting platinum coins. In 2013, even former US Mint Director Philip … Continue reading The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced

China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced (Financial Times) Could it be that something similar … Continue reading China is cracking down on pessimistic financial blogs and social media accounts, as well as fraudulent ones; analysts worry independent voices will be silenced

America has $1.73 trillion in student debt—borrowers from these states owe the most

America has $1.73 trillion in student debt—borrowers from these states owe the most

Not all states shoulder the same share of the student debt crisis. This is preventing graduates from being able to do the things their parents did, like buy a home. The government could wipe this debt out with a keystroke if it wanted to. It’s time to take this option seriously. Source: … Continue reading America has $1.73 trillion in student debt—borrowers from these states owe the most

20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian

20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian

Livestock companies with large emissions receive billions of dollars in funding, campaigners say But people love their meat and dairy! Source: 20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian Continue reading 20 meat and dairy firms emit more greenhouse gas than Germany, Britain or France | Meat industry | The Guardian