Read_697 - The Trillion Dollar Coin, Genius or a Joke? [James Lavish]

"To wit, we have raised the debt limit 22 times from 1997 to 2022. Yep, we’ve raised the limit 22 times in 25 years. Let that sink in for a moment. OK, so now that we’re all on the same you’ve-got-to-be-kidding-me-with-the-endless-and-reckless-spending-of-the-US-Government page, let’s dig into the mechanics a bit." – James Lavish We've hit the awful, shocking, totally unexpected debt ceiling again! OH MY! What ever will we do this time? Wait... I've got a brilliant plan. The Treasury can mint a Trillion Dollar Coin! And our problems will go away. Is this utter genius... or is this an embarrassing joke? I'll let James Lavish take it from here in a very entertaining read from his substack, The Informationist. Check out the original and the excellent substack over at James Lavish's "The Informationist": https://jameslavish.substack.com/p/the-trillion-dollar-coin-genius-or Don't forget to check out our amazing sponsors: • Dive into the Bitcoin only wallet, the cypherpunk calculator, and a company that has built secure Bitcoin products for nearly a decade. Code BITCOINAUDIBLE gets 9% off everything in your cart! (https://guyswann.com/coldcard) • Gets sats back every time you dump fiat at a store, to pay your bills, everything in your fiat life pays you sats with the Fold Debit Card and FoldApp. 20,000 FREE SATS! at (https://guyswann.com/fold) • The best place to onboard a true Bitcoiner - Stack sats automatically, withdraw automatically, and learn or get help from the best team of Bitcoiners out there with Swan Bitcoin. (https://swanbitcoin.com/guy) -------------------------------------- "As it turns out we don't all have to pay our debts. Only some of us do." – David Graeber, Debt the First 5000 Years Learn more about your ad choices. Visit megaphone.fm/adchoices --- Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message