Why Is Everyone Talking About a Platinum $1 Trillion Coin?Submitted by Phillip_19 on Fri, 01/04/2013 - 20:44
There has a been a lot of talk on Twitter about something involving the making of a platinum coin worth $1 trillion in order to avoid the upcoming debt ceiling fight. Don't know what anyone is talking about? Never fear, we're hear to explain the #mintthecoin movement.
So, yeah, why is everyone talking about making a platinum $1 trillion coin?
According to Business Insider's Joe Weisenthal, this conspiracy theory started on Cullen Roche's Pragmatic Capitalist. Weisenthal's been one of its most vocal supporters though. It's picked up steam over the last few days thanks to a column from The New York Times' Paul Krugman, backing from Rep. Jerry Nadler, an endorsement from Bloomberg's Josh Barro, and this evening it was trending thanks to a White House petition and the official coining of the coin's very own hashtag. (Pun fully intended.)