A Trillion Dollar Coin, is it Coming?

Paul Krugman is for it. “Money is a social contrivance,” he said back in 2013, just months before calling bitcoin “evil” for being a social contrivance according to him. The Modern Monetary Theorists are for it. They want to add minting to the government’s power to tax and borrow. The current Secretary of the Treasury and former Fed chair, Janet Yellen, is against it however. In fact she was vice chair at the Fed in that 2013 when Fed said they won’t accept this platinum coin. The law allows the treasury to mint a platinum coin in any denomination. So