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High Value Platinum Coin Seignoirage

Anthony_JKenn's picture

Is HVPCS Too Radical For The Democratic Party?? What About The Left?

I've been following with great interest the debate here over High Value Platinum Coin Seignoirage (HVPCS), as well as Letsgetitdone's fantastic and tireless effort to promote HVPCS as an alternative to Democratic/Republican austerity. Heck, I've even done a blog post or two over at my blog on the issue. My question is not on the legitimacy of HVPCS or the process, but in the way it is being sold and the potential audience to sell it.

It appears to me from reading LGID's essays that he seems to believe that the Democrats and/or President Obama can be pressured to accept and enact HVPCS in the event of an economic or political crisis, in spite of the principled conservative positions of the Treasury Department and Obama's own history as a Third Way corporatist Democrat. As a long time Independent Leftist who left the Dems well over 20 years ago due to their "me too" economic philosophy (among other things), I'm not so sure that approach would be so fruitful. Read below the fold...

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