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There's an interesting coin story in the news....
ms70
Posts: 13,958 ✭✭✭✭✭
Something about the U.S. should mint two $1 trillion dollar platinum coins.......
But I'm afraid to post it. 
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Heck, strike a few dozen of them and we won't have to worry about budget deficets, ever again
I saw that story but saw no way to post it without the thread going downhill fast.
Amateurs
Anyone have change for that? Or is that the cost of a tuna hoagie at the Wawa in Harare. Peace Roy
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Such an endeavor would likely plunge the dollar into an abyss from which there would be no recovery.... it is not a serious consideration. Cheers, RickO
Yes, it is an old trick used at times to satisfy debts. I don’t think anyone would want hyper-inflation on that scale, though.
@jmlanzaf....I understand your point, however, the concept of the trillion dollar coin would be so radical, I believe it would shock the global economy and the dollar would no longer be the standard....all nations would flee to another economic standard...likely China's.... This is just my opinion, and I am far from being an expert. Cheers, RickO
Just listened to Bernanke, there's so much cash floating around the world, the markets can absorb $1T bond issues like so many ASEs. US savings rates suck, but most of the world has so much in savings, there's no place to put it. He said it's a 40 year trend and even this won't stop it.
Germany in the 1920s is the most famous case to finish paying their reparations to the allies.
Heck, strike a few dozen of them and we won't have to worry about budget deficets, ever again
You think not? I wouldn't bet on it.
I knew it would happen.
That’s basically what I meant earlier. It wasn’t seigniorage but inflation.