[Greg] Ip's solution [in The Economist] is to have the coin sold to the public rather than deposited to the Fed....
This goes a long way to avoiding the legal problem I was discussing above. Here, the minting authority of the Treasury Secretary would be used in a way much closer to what was imagined by the authors of the law: selling coins to the public. The spending power generated by minting the coin would come from actual coin purchases, which is also what was anticipated by the law's authors. The only difference is that the revenues would be much higher than anyone expected.
I think this also gets rid of some of the weirdness problem that has always plagued the mint the coin idea. People just aren't comfortable with the idea that the Treasury can create spending power out of thin air by depositing a newly minted coin at the Fed. Here the Treasury's spending power would arise from actual revenue from the sale of a coin, just like it does when the Treasury sells a bond.CNBC NetNet
How To Fix The Trillion Dollar Platinum Coin Idea
A compromise worth considering. The Treasury can fund itself with coin issuance instead of paying interest on Treasury securities, which subsidizes a special interest — savers. If used past the immediate situation, it would be route to "no bonds," and only short terms T-bills.
At least people are coming to realize that this is possible and are discussing it openly.