StopTheCoin.com

Weigel
Reporting on Politics and Policy.
Jan. 8 2013 1:15 PM

StopTheCoin.com

First they laugh at you, then they get mad at you, then they fight you. We're at the fighting stage of the Great Platinum Coin Crusade of 2013, with a leading Republican proposing legislation that would ban the coin trick, and with the arrival of StopTheCoin.com. American Committment's Phil Kerpen (formerly of Americans for Prosperity) bought the domain today to advertise a petition that bonds together skeptics of the coin plan.

Joe Firestone, the blogger who first proposed the idea, is now calling for a $60 TRILLION platinum coin to be minted.  That would mean completely unlimited federal spending, without the approval of Congress - and the value of the dollar would be gutted.
Advertisement

"Any risk of this scheme being used is enough to warrant Congress stepping in and stopping it," says Kerpen. "Walden stepped up with legislation to do that and it's worthy of broad public support. We'd like to see at least House vote on it to see where every member of Congress stands."

In related coin news, TPM has begun asking which great American should appear on the theoretical coin. Seems obvious to me: Slap Ronald Reagan on the thing, and translate "Deficits don't matter" into Latin.

David Weigel is a reporter for Bloomberg Politics

TODAY IN SLATE

Culturebox

The Ebola Story

How our minds build narratives out of disaster.

The Budget Disaster That Completely Sabotaged the WHO’s Response to Ebola

PowerPoint Is the Worst, and Now It’s the Latest Way to Hack Into Your Computer

The Shooting Tragedies That Forged Canada’s Gun Politics

A Highly Unscientific Ranking of Crazy-Old German Beers

Education

Welcome to 13th Grade!

Some high schools are offering a fifth year. That’s a great idea.

Culturebox

The Actual World

“Mount Thoreau” and the naming of things in the wilderness.

Want Kids to Delay Sex? Let Planned Parenthood Teach Them Sex Ed.

Would You Trust Walmart to Provide Your Health Care? (You Should.)

  News & Politics
Politics
Oct. 22 2014 9:42 PM Landslide Landrieu Can the Louisiana Democrat use the powers of incumbency to save herself one more time?
  Business
Continuously Operating
Oct. 22 2014 2:38 PM Crack Open an Old One A highly unscientific evaluation of Germany’s oldest breweries.
  Life
Dear Prudence
Oct. 23 2014 6:00 AM Monster Kids from poorer neighborhoods keep coming to trick-or-treat in mine. Do I have to give them candy?
  Double X
The XX Factor
Oct. 22 2014 4:27 PM Three Ways Your Text Messages Change After You Get Married
  Slate Plus
Tv Club
Oct. 22 2014 5:27 PM The Slate Walking Dead Podcast A spoiler-filled discussion of Episodes 1 and 2.
  Arts
Culturebox
Oct. 22 2014 11:54 PM The Actual World “Mount Thoreau” and the naming of things in the wilderness.
  Technology
Future Tense
Oct. 22 2014 5:33 PM One More Reason Not to Use PowerPoint: It’s The Gateway for a Serious Windows Vulnerability
  Health & Science
Bad Astronomy
Oct. 23 2014 7:30 AM Our Solar System and Galaxy … Seen by an Astronaut
  Sports
Sports Nut
Oct. 20 2014 5:09 PM Keepaway, on Three. Ready—Break! On his record-breaking touchdown pass, Peyton Manning couldn’t even leave the celebration to chance.