Earlier this week I wrote about the Trillion dollar platinum coin. Using the coin to fund government spending is often dismissed as an “accounting gimmick”. Yet, accounting gimmicks are already at the center of the Stimulus Bill being debated in congress tonight. 454 billion of the reported 2 Trillion dollars is going to “make loans and loan guarantees to, and other investments in, programs or facilities established by the Board of Governors of the Federal Reserve System”
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