Paul Krugman: so just mint up a trillion-dollar coin and deposit it

Perfect! With no crops to place in it, there is now room for the platinum coin!

Perfect! With no crops to place in it, there is now room for the platinum coin!

That’s what the Nobel Prize winning economist recommended for the United State’s debt problem, so presumably he’ll guide other countries the same way. For instance, Zimbabwe announced today that despite driving whites from the land and confiscating their farms and businesses, they have just $217 in the bank. Now where’s that mint?

7 Comments

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7 responses to “Paul Krugman: so just mint up a trillion-dollar coin and deposit it

  1. Cos Cobber

    And after Krugman mints one super delicious trillion dollar cookie, what stops us from producing hundreds more…

    Open that door once and fiat currency will never be the same.

  2. burningmadolf

    Every time I see Krugman’s name I’m reminded why Nobel didn’t want to award a prize to an economist.

  3. Anonymous

    Come on Chris, this Krugman story is 3 weeks old and has been extensively discussed in all media.

    • The current story is Zimbabwe’s admission today that it is down to its last $217. I dredged up Krugman’s inanity because his position was used by other idiots like those at BusinessInsider.com, to buttress their own arguments that the old concept of debt was dead and countries no longer had to worry about repayment. If that’s the case, Zimbabwe need not worry, eh?

  4. weakleyhollow

    Remember, Krugman got his Nobel for analyzing the past

  5. Libertarian Advocate

    Between the Nobels awarded to: Krugman, Arafat, Gore & Obama, I’d say the Nobel “brand” has suffered quite severe and entirely self-inflicted tarnish.