Trillion Dollar Babies

Mark Steyn:

That’s Paul Krugman’s solution for America as it prepares to bust through another laughably named “debt limit”: We’d be a nation that hasn’t a cent in the world but just a trillion-dollar coin — and what more do we need? As with Gregory Peck in the movie, the mere fact of the coin’s existence would ensure we could go on living large. Indeed, aside from inflating a million quid to a trillion bucks, Professor Krugman’s proposal economically prunes the sprawling cast of the film down to an off-Broadway one-man show with Uncle Sam playing every part: A penniless Yank (Uncle Sam) runs into a wealthy benefactor (Uncle Sam) who has persuaded the banking authorities (Uncle Sam) to mint a trillion-dollar coin that will allow Uncle Sam (played by Uncle Sam) to extend an unending line of credit to Uncle Sam (also played by Uncle Sam).