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Keyword: wonkingout

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  • FLASHBACK: Jon Stewart Mocked Paul Krugman in 2013 for Idiotic $1 Trillion Coin Idea

    10/05/2021 10:15:30 AM PDT · by JV3MRC · 58 replies
    NewsBusters ^ | 10/5/2021 | Joseph Vazquez
    New York Times economist Paul Krugman is rehashing a batty idea that former Daily Show host and comedian Jon Stewart mocked him for over eight years ago. In a new blog headlined “Wonking Out: Biden Should Ignore the Debt Limit and Mint a $1 Trillion Coin,” Krugman dusted off an old neo-Keynesian idea of his that he peddled in 2013. He suggested Treasury Secretary Janet Yellen “mint a platinum coin with a face value of $1 trillion — no, it needn’t include $1 trillion worth of platinum — deposit it at the Federal Reserve and draw on that account to...