The debt ceiling debate reached a new level of absurdity when some pundits began tossing around the idea of a $1 trillion coin. Instead of advocating for spending cuts to avoid hitting the $16.4 trillion debt limit, proponents of the one trillion dollar coin believe that the Federal Reserve just needs to create more money. They want the U.S.

In the two presidential debates that focused heavily on the economy, there was not a single mention of the Federal Reserve. This is clearly worrisome since the U.S. central bank has a huge impact on the economy. With the Federal Reserve largely to blame for the recent financial meltdown and the rapidly declining value of the U.S. dollar, this is an important economic issue that the presidential candidates should be addressing.