Tag Archives: platinumcoin

Platinum Coin Update – No go

A good idea, scotched by the Treasury Department.

This from Ezra Klein at the Washington Post

“…Anthony Coley, a spokesman for the Treasury Department…“Neither the Treasury Department nor the Federal Reserve believes that the law can or should be used to facilitate the production of platinum coins for the purpose of avoiding an increase in the debt limit,” he said.

If President Obama doesn’t want the fight, he’ll have to come up with another interesting way around Congress to beat the debt ceiling. Stay tuned.

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