The idea of circumventing the debt ceiling via the creation of a Trillion Dollar Coin first gained momentum a couple of weeks ago after it was suggested by New York Congressman Jerry Nadler in an interview with Reid Pillifant of Capital new York. That such an outside-the-box, yet economically sound argument came from Nadler wasn't a big surprise, as Nadler (who represents much of Lower Manhattan) has a history of showing depth in his thinking beyond that of the typical Congressman. Watching Washington deal with the debt ceiling can be a scary proposition, given the seriousness of the issue, ... Read More