The Washington Post had interesting article about solving the debt ceiling “crisis.” The author recommended that Treasury produce two-one trillion dollar platinum coins and deposit them at The Fed. “I like it,” says Joseph Gagnon of the Peterson Institute for International Economics. “There’s nothing that’s obviously economically problematic about it.” Actually, Mr. Gagnon, there are a few problems with it. 1. Moral hazard. The President orders trillion dollar coins to be produced, then gives one each to campaign donors and other party favorites (note that I did not mention our current President by name since this would be a temptation...