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View Diary: The Trillion Dollar Coin Is A Conservative Meme (35 comments)

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  •  I'd like a more permanent solution, like a... (1+ / 0-)
    Recommended by:
    Calgacus

    nationalized central bank governed by a significantly more representative body.

    That said, this seems like a great fix for the near-term.

    "The Democratic Party is not our friend: it is the only party we can negotiate with."

    by 2020adam on Mon Dec 10, 2012 at 08:20:33 PM PST

    •  I would too (1+ / 0-)
      Recommended by:
      2020adam

      But doing the big coin could be the start of a move towards that, and it doesn't require legislation, which is hard to get until progressives win the day.

      •  Either way, the obstacle is an outmoded... (0+ / 0-)

        concept of how our fiscal system operates. The President is just as beholden to that conceptual framework as the Congress we'd need for a nationalized Fed.

        Ellen Brown, President of the Public Banking Institute made a great argument on the Progressive Radio Show for getting the ball rolling by pushing for State and City Banks that use their profits for public purposes. Showing specific positive outcomes from public banks could go a long way to changing the national mindset on this entire subject.

        "The Democratic Party is not our friend: it is the only party we can negotiate with."

        by 2020adam on Wed Dec 12, 2012 at 05:07:09 PM PST

        [ Parent ]

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