Elsewhere on Tuesday, Expect to be disappointed. Countdown to early LTRO repayments... Liquidity trap, heralding change. Felix & Ryan link to all the $1tn platinum coin stuff, so we don't have to. Except this one: Krugman's $1tn coin alternative. CDS: The case for the prosecution. A DSGE theorist on fiscal policy's effectiveness. The multiplier doesn't matter. Socrates in exclusive company, with Conrad Black.