1) The Competition for Worst Ideology is Heating Up
There’s a battle of bad ideologies going on around the debt ceiling debate. Unfortunately, this is a microcosm of what has happened in American politics – the centrists have been silenced as both fringes scream over them. And it’s the fringe thinking that gets all the attention these days.
In the case of the debt ceiling we’ve got fringe thinkers on the right actively threatening to let the USA default on debt. And on the other side you have an equally crazy response where MMT advocates are saying we should send the military to the Federal Reserve if they don’t accept their trillion dollar platinum coin concept.
That’s the state of discourse in the USA. It’s gotten so bad that we have to resort to minting a trillion dollar platinum coin and then sending the military to the