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January 15, 2013

Jon Stewart ridicules Krugman's magic coin

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Good for Jon Stewart to see the insanity in Paul Krugman's $1 trillion magic coin idea.

The story is here from Politico.

As we've written, the idea is terrible economics and terrible politics, but that's par for the course with Krugman.

Can't you just picture a scene in the movie "Idiocracy" where President Camacho fires his automatic rifle into the sky and announces "I have a new plan that's going to fix everything! We're going to mint up some $1 trillion coins and that's going to fix EVERYTHING!"

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