Rohan Grey @rohan@social.rohangrey.net

RT @TheStalwart@twitter.com

"In shooting down the trillion-dollar-coin, Yellen sidestepped whether she would be personally opposed to it..." https://twitter.com/ddayen/status/1617892912184057856

🐦🔗: https://twitter.com/TheStalwart/status/1617894863915159554

Hell yeah

RT @HoffProf@twitter.com

🚨NEW PAPER🚨

Do you hate what form contracts do to consumers and employees?

I have an idea for you.

It's the n̵u̵t̵t̵i̵e̵s̵t̵ most YOLO thing I've written in 20 years:

𝘋𝘦𝘧𝘦𝘢𝘵𝘪𝘯𝘨 𝘵𝘩𝘦 𝘌𝘮𝘱𝘪𝘳𝘦 𝘰𝘧 𝘍𝘰𝘳𝘮𝘴

Link: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4334425

And a🧵

🐦🔗: https://twitter.com/HoffProf/status/1617516487383879687

RT @ddayen@twitter.com

The WH strategy is to not negotiate on the debt limit, to pressure Republicans. So of course Janet Yellen's going to dismiss alternative options. But as she has said in prior Fed transcripts, "I wouldn’t be eager to do them, but I wouldn’t say ‘never.’"
https://prospect.org/power/01-23-2023-janet-yellen-debt-limit-default-coin/

🐦🔗: https://twitter.com/ddayen/status/1617892912184057856

RT @TheAtlantic@twitter.com

"The reality is that this is a self-imposed problem, because we have a fetish for complexity and so-called financial nuance." @rohangrey@twitter.com discusses the debt ceiling with @AnnieLowrey@twitter.com: http://on.theatln.tc/1g6HLPG

🐦🔗: https://twitter.com/TheAtlantic/status/1617875799478239239

🚨🚨🚨

RT @MintTheCoin@twitter.com

Thanks to everyone who came to our seminar on #MintTheCoin!

Video and transcript (work-in-progress) are up here:

https://mintthecoin.org/seminar/

🐦🔗: https://twitter.com/MintTheCoin/status/1617745628989390848

if there is any magazine so convinced of its own serious it manages to completely lose sight of reality it's the economist. luckily most serious readers dismissed the magazine as a gimmick years ago.

RT @JimPethokoukis@twitter.com

"One, possibly satirical, suggestion ... the #MintTheCoin movement, as it is known on social media, has gathered support from some lawmakers on the left wing of the Democratic Party. More serious thinkers, including Yellen, have dismissed it as a gimmick." https://www.economist.com/united-states/2023/01/23/there-is-no-easy-escape-from-americas-debt-ceiling-mess

🐦🔗: https://twitter.com/JimPethokoukis/status/1617672759169150976

"problem of significance"

RT @igorbobic@twitter.com

Romney on idea of minting a trillion dollar coin to raise debt limit: “I don’t think there’s a flip of a coin to solve a problem of significance like this. This is our country we’re talking about.”

🐦🔗: https://twitter.com/igorbobic/status/1617655757465616386

RT @DeficitOwl24601@twitter.com

@haajmen@twitter.com @rohangrey@twitter.com @GeorgeSelgin@twitter.com George's position is literally that the court should reject the pain meaning of 31 USC 5301 and make new law to declare, without reference to any statute, that there are two types of legal tender, one of which lacks one of the core attributes of legal tender.

🐦🔗: https://twitter.com/DeficitOwl24601/status/1617646871991967744

RT @briangallini@twitter.com

Energizing start to the day watching @WillametteLaw@twitter.com Prof. @rohangrey@twitter.com kick off the #MintTheCoin public seminar to a packed in-person classroom and several hundred joining by zoom. Impressed by his work and feeling fortunate to have his contributions to our community.

🐦🔗: https://twitter.com/briangallini/status/1617661361118642178

RT @DeficitOwl24601@twitter.com

@haajmen@twitter.com @rohangrey@twitter.com @GeorgeSelgin@twitter.com Neither has any discretion. The face value of the coin determines the value of the deposit because "coin dollars" and "FRN dollars" are legally defined to have the same value. See Crummey v. Klein Indep. Sch. Dist., 295 Fed Appx 625 (2008) and Thompson v. Butler, 95 US 694 (1887)

🐦🔗: https://twitter.com/DeficitOwl24601/status/1617630758625251328

RT @DeficitOwl24601@twitter.com

@GeorgeSelgin@twitter.com @rohangrey@twitter.com Sure, but to get back to the actual point, which statute, regulation, or court case do you think overturned Baker v. Ward and stands for the proposition that legal tender does not require acceptance at a minimum of face value?

🐦🔗: https://twitter.com/DeficitOwl24601/status/1617578983712759808

RT @mrbrnn@twitter.com

I’m watching the essential conversation btwn @PhilipNDiehl@twitter.com @rohangrey@twitter.com @TheStalwart@twitter.com and @StephanieKelton@twitter.com on #MintTheCoin

Biden and Yellen *choosing* default is unconstitutional, they are *obligated* by the 14th Amendment to uphold the US debt — the $1T coin is a clean way out

🐦🔗: https://twitter.com/mrbrnn/status/1617578398364360704

RT @profplum99@twitter.com

@rohangrey@twitter.com spitting fire on the Mint the Coin presentation https://willametteuniversity.zoom.us/j/96713244016#success

He's correct that default is the extremist position. We watched Russia's experimentation with this choice in 1998. Don't be an idiot.

🐦🔗: https://twitter.com/profplum99/status/1617573703352733697

Hope to see you there!

Those who can't make it in person can tune in at the zoom link included below.

#MintTheCoin

RT @MintTheCoin@twitter.com

Starting in a little under 20 minutes! https://twitter.com/MintTheCoin/status/1613272779616550912

🐦🔗: https://twitter.com/MintTheCoin/status/1617563257954529280

RT @DeficitOwl24601@twitter.com

@GeorgeSelgin@twitter.com @rohangrey@twitter.com Someone probably has tried to argue that quarters are only worth six cents, but cases with zero merit often get dismissed in district court without an opinion being recorded.

🐦🔗: https://twitter.com/DeficitOwl24601/status/1617557482750050307

RT @gladkiwi@twitter.com

Once the public realizes it's gimmicks all the way down, can we get back to focusing on designing good public policy? https://twitter.com/rohangrey/status/1617289957990879233

🐦🔗: https://twitter.com/gladkiwi/status/1617543352014245893