No Coin

The idea of minting a $1 trillion coin to evade the fiscal frauds in the GOP is funny.  It looks funny, sounds funny, it even has a funny smell to it.  So making fun of it is what comedians should do.  However, I don't think the coin idea was ever meant to really happen.

What I mean by that is I don't think Krugman wanted it to happen.  I think he wanted the president to keep it in his arsenal for negotiating purposes.  Make the frauds in the GOP think you'll do it if they continue to act like total idiots and threaten to destroy the country if we don't govern like they want.  The whole episode truly rings of FDR and his negotiating style.  If someone tried, and the GOP did many times, to back FDR into a corner and threaten the country, FDR would embarrass them.  Printing a coin to make the GOP a laughing stock would have been child's play to him.  He may never of followed through, but he sure would have had everyone believing he would.

I also think that's Krugman's greatest complaint with this administration.  They reveal their hand way too fast and try to comfort the fiscal frauds rather than kicking them to the curb.  And I'd have to say I'm starting to quickly move in Krugman's favor on that.