David Beckworth: Macro and Other Market Musings


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Submitted by lambert on Sun, 01/06/2013 - 1:49am

Incident topic:

Incident class:

Tags:

proof platinum coin seigniorage

Incident time:

Wednesday, April 18, 2012

Incident address:

--

United States

Location (map input):

"So how could President Obama have his FDR moment? Like FDR, he should signal his intentions for higher level of nominal spending and follow through on it by having the Treasury Department take take the reigns of monetary policy from the Fed. President Obama could do this by announcing a NGDP level target that would be implemented by the Treasury Department creating large-denomination platinum coins that would be deposited at the Fed and used to fund checks to the public." (original).

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