18/02/06 16:58:00.37 ftZYu5hB.net
Emergence of the concept
The concept gained renewed,[24][25] and more mainstream,[26][27] attention by late 2012 as the debt-ceiling limit was being approached once again.
In early January the economist Paul Krugman endorsed the idea[28][29][30] and asserted that opposition to the idea was coming from people unwilling to admit the truth that "money is a social contrivance."[29]
Analysis and reaction[edit]
Paul Krugman said "So minting the coin would be undignified, but so what? At the same time, it would be economically harmless — and would both avoid catastrophic economic developments and help head off government by blackmail."
He also declared the trillion dollar coin debate to be "the most important fiscal policy debate of our lifetimes".[50]
29.^ Jump up to: a b Paul Krugman (January 9, 2013). "Barbarous Relics". The New York Times. Retrieved January 19, 2013.
30.Jump up ^ Paul Krugman (January 10, 2013). "Thinking About the Brink". The New York Times. Retrieved January 19, 2013.
32^ who (January 7, 2013), Paul Krugman: Trillion-Dollar Coin A 'Silly But Benign' Debt-Ceiling Fix The Huffington Post
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