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comment by mk
mk  ·  4070 days ago  ·  link  ·    ·  parent  ·  post: Credit where credit is due -- is Boehner playing a deeper game?

Obama could always pull the 'Trillion Dollar Coin'. Not that he would.





user-inactivated  ·  4070 days ago  ·  link  ·  

i'm not even sure it would be better than a straight default. it's technically available but the laissez-faire ideologues would still freak out and crash the market.

mk  ·  4069 days ago  ·  link  ·  

I wonder. Even so, if it came down to it, it would probably be better than the alternative. No doubt the US credit rating would be hurt, but I can see the markets considering it to be a temporary political extension. QE isn't substantially less magical, and the markets are loving that.

user-inactivated  ·  4069 days ago  ·  link  ·  

Setup for the best heist movie of all time.