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 more about Is HVPCS Too Radical For The Democratic Party?? What About The Left?
This post records the history of platinum coin seigniorage in the blogosphere through the debt ceiling agreement on August 2, 2011. Read more about Origin and Early History of Platinum Coin Seigniorage In the Blogosphere
Bob Herbert, in his column on June 7th said:
There is no plan that I can see to get us out of this fix. Drastic cuts in government spending would only compound the crisis. State and local governments, for example, are shedding workers as we speak.
I AM SENDING THIS EMAIL TO AT LEAST FIVE FRIENDS AND ASKING THAT THEY CONTACT AT LEAST FIVE GOVERNMENT REPS TO KILL THE HEALTH CARE BILL:
Subject line: PROJECT FIVE (friends) TO FIVE (Congress people): from libbyliberal asking for help to kill the “mockery of democracy” health care bill being rammed through Congress
I am writing to ask that you take action now if you also feel distrust and a sense of betrayal from our government that is and has been obscenely serving the needs of mega-corporations at the expense of its citizenry. A government that could have and should have accomplished REAL health care solutions -- empathetic and encompassing reform -- for the serious plight of us Americans. Read more about Project 5 to 5: My Personalized Chain Letter To "Kill the Bill" -- FWIW!