If they can make two of them today, they can just as easily make 200 next month, on a whim. I’d think that would give creditors cause for concern.
If they can make two of them today, they can just as easily make 200 next month, on a whim. I’d think that would give creditors cause for concern.
The whole point of this weird idea is to avoid an official raising of the debt ceiling (by paying ourselves with an IOU -- I really don't get how this is supposed to work). Anyway, debt ceiling raises are typically less than $1 trillion although the last one was $2 trillion. The idea is that we'll only need one coin -- at least this year.
200 coins is "not going to happen," according to people who think it makes sense for 1 coin to happen. I think they fully intend that to be true, but once we've taken the trip into downtown crazyville, who knows...