excerpt from trillion dollar coin http://krugman.blogs.nytimes.com/2013/01/07/be-ready-to-mint-that-coin/
First of all, we have the weird and destructive institution of the debt ceiling; this lets Congress approve tax and spending bills that imply a large budget deficit — tax and spending bills the president is legally required to implement — and then lets Congress refuse to grant the president authority to borrow, preventing him from carrying out his legal duties and provoking a possibly catastrophic default.
And Republicans are openly threatening to use that potential for catastrophe to blackmail the president into implementing policies they can’t pass through normal constitutional processes.
Enter the platinum coin. There’s a legal loophole allowing the Treasury to mint platinum coins in any denomination the secretary chooses. Yes, it was intended to allow commemorative collector’s items — but that’s not what the letter of the law says. And by minting a $1 trillion coin, then depositing it at the Fed, the Treasury could acquire enough cash to sidestep the debt ceiling — while doing no economic harm at all.
one of our collaboration goals at mecourses (and affiliated movements eg world record jobs) is to search for colleges within public university systems where black jobs are core to educators' purposes - from 2015 we can help such colleges sign a contract to help search out jobs courses for all sustainability millennials
best for black (eg the mandela extranet partners of taddy blecher out of s. africa); for chinese ; for latinos ; for health ...
special thanks to black conscious capitalism chapters for training on higher purpose; harrison owen for changing his life's purpose while the only white man on a civil rights field of the 1960s; black girls empowerment and social enterprise collaboration students we met on the road to several nobel peace summits particularly the 5 year collaboration across historically black university colleges which aimed but did not quite get to atlanta nov 2015