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Trillion dollar coin: More key voices support it (VIDEO)

Is the trillion dollar platinum coin a beltway gimmick or is it solution to all of America's debt problems? The #MintTheCoin movement rolls on.
Comedian Stephen Colbert hosts a rally with former Republican presidential candidate Herman Cain on Jan 20 in Charleston, South Carolina. (Richard Ellis/AFP/Getty Images)

The chatter this week in global economic circles is all about the coin.

The trillion dollar platinum coin.

The growing movement, naturally, has its own hashtag: #MintTheCoin.

It also has a simple idea, and one that took off yesterday when Nobel Prize-winning economist and New York Times columnist Paul Krugman came out in support of the measure.

Here's how Krugman explained it in a post that went viral yesterday:


Austerity: Cause and predictable effect

Post-Davos consensus growing among enlightened commentators: policy makers haven't got a clue
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There's a general strike on in Belgium today. The predictable effect of austerity cuts to services and wages. (VIRGINIE LEFOUR/AFP/Getty Images)

Davos is not a place where policy gets made or treaties get negotiated, as I wrote last week. If it has a benefit, it is that the World Economic Forum gets a bunch of the one percent in a single place for a concentrated period of time and allows thoughtful commentators an equally undiluted opportunity to assess what they are thinking.

The result this morning is three excellent essays by commentators working in the mainstream press.

At The New York Times, Paul Krugman makes much of a chart published last week by British think tank, National Institute of Economic and Social Research (here, scroll down right column). It shows that the current economic downturn in Britain is now longer than that of the Great Depression, if you measure the length of time it takes to return to pre-downturn economic output.


Europe: News round-up

While Greek crisis rumbles here's news on earthquakes in England, firebombs in Paris, and Silvio Berlusconi's next career.
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A man shows the French satirical magazine "Charlie Hebdo," featuring a caricature of the Prophet Muhammad on its cover, following a petrol bomb attack on the magazine's offices on November 2, 2011 in Paris, France. (Marc Piasecki/AFP/Getty Images)

There's more to going on in Europe than the renewed Greek crisis. Here's a round-up

Charlie Hebdo ... feel better now?

The offices of French satirical magazine Charlie Hebdo in Paris were firebombed yesterday. The weekly published an edition "guest edited by Muhammad" to mock the victory of the moderate Islamist An-Nadha party in Tunisia's elections two weeks ago. It also changed its name from Charlie to Sharia Hebdo (the "ch" is pronounced sh in French so the pun works.) Ho-Ho-ho

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