Daily Show’s Jon Stewart lampoons NY Times Columnist Paul Krugman over trillion dollar coin
Jon Stewart responds to Krugman: Trillion dollar coin still ‘stupid f*cking idea’
Raw Story
On his show Monday night, The Daily Show host Jon Stewart responded to criticism from Nobel prize-winning economist Paul Krugman. In his column, Krugman attacked Stewart for lampooning his idea of minting a $1 trillion platinum coin to avert the looming federal debt ceiling battle. Krugman said Stewart.
From Wikipedia:
The trillion dollar coin is a concept that emerged during the United States debt-ceiling crisis in 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country’s borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury. Five days later, Senate Minority Whip John Cornyn announced that Senate Republicans would end their threat to block an increase in the debt ceiling.
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