Jack Balkin, a Yale Law prof, has a weird idea for solving the debt crisis. He says the law sets no limit on the amount of currency the US Mint can float, provided it produces the currency in the form of platinum coins. So:
Ironically, there's no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.
3 ways Obama could bypass Congress
(Thanks, Fipi Lele!)
(Image: platinum eagle re-mix, a Creative Commons Attribution (2.0) image from sirqitous's photostream)
The increasingly popular social media application TikTok has a concerning relationship with the Chinese state. That link became ever the more concerning today, when reports began circulating of a brand new partnership between the company that owns TikTok, ByteDance, and the government of China.
Just in time for the holidays, the China Law Blog (previously) rounds up the three most common scams in China that target foreign firms: "Come to China and celebrate our deal" (foreign business person concludes a deal, goes to China, and is roped into paying for a banquet, gifts for the Chinese company boss, and […]
I have but one question. Are they hiring? Sounds like a great place to work.
People who ask themselves why they need a dashcam usually have one thing in common: They’ve never been a serious collision. Even in fender benders, these gadgets can save you an immense amount of time and hassle, stopping headaches before they even start. If you’re looking for a reliable starter cam, the myGEKOgear Orbit 110 […]
There’s no shortage of wireless chargers out there. So when one scores a Best of Innovation Award at the Consumer Electronics Show, we take notice. And, those industry nods mean good news for just about anybody with a smartphone, because the HyperCharger X Wireless Charger means there’s no excuse for losing power when you’re out […]
Once you’ve cut steak or poultry with some actual quality knives, it’s really tough to go back to those budget blades you bought at the department store a couple of decades ago. Consider that a fair warning about this 5-Piece Professional Damascus Chef’s Kitchen Set. The holiday discount makes it easy to buy for a […]