I’ve been reading off and on over the last few days about the notion of the government issuing a trillion-dollar coin. I thought the whole thing was a joke, but apparently a few people are taking the proposal seriously.
Here’s the thing: unless the coin is freely convertible into gold, silver, platinum or some other asset that has genuine market value, it’s worth nothing but whatever value one normally associates with an empty promise given by the federal government – which means we’re talking about a coin freely convertible into, at best, b.s.
Which gives me an idea: instead of a coin, how about a lacquered cow pie with Obama and his s**t-eating grin stamped in bas-relief on one side, and Lady Liberty holding aloft, say, a pooper-scooper on the other (perhaps while sitting on Joe Biden’s lap)? That would serve as the perfect exclamation mark for the monstrous irresponsibility of this administration.