[ChicagoConservative27]

These people are sick.

[Altura Ct.]

We should mint a trillion, trillion dollar coins.

[Lurkina.n.Learnin]

Why not mint 350 million of them and give a trillion dollars to each of us? Free money!

[PGR88]

The Treasury can’t introduce new currency into circulation, only the Fed can do that. In theory, the coin would be minted and deposited with the Fed and its value would make its way into Treasury’s general account and used to pay a whole lot of bills.

In fact, its not so different from how the Federal Government funds itself now, in that before they created debt, to be purchased mostly by the Federal Reserve, now they will merely create a coin instead.

Its merely the next logical step downwards into currency debasement and political expediency. Before, you needed both parties in government to agree to the scam. Now it becomes even more whimsical as Joe Biden can do it himself.

[redgolum]

We are heading to a currency collapse.

This is one last paper over the cracks thing.

[ClearCase_guy]

In practice, no one knows precisely how it would work and what problems, like inflation, would result.

Golly. A mystery. No one knows if wishing a trillion dollars into existence might cause inflation. Guess we'll find out.

[KarlInOhio]

Why wasn't this fixed when Trump was president. The law authorizing the treasury to make silver, gold and platinum coins didn't have limits on the value and number of platinum coins, so the Obama administration threatened to use that loophole. Knowing the loophole was there, it should have been fixed in 2017 when the Republicans had power

[Leaning Right]

> These people are sick. <

Yep. And the media should be roundly criticizing such insanity. But instead they will applaud the move, like the disgusting lapdogs that they are.

Anyway, if the idea goes through here’s my suggestion for the design of the coin.

[teevolt]

This gives me an idea for taxes : ). I think Krugman floated this idea years ago. I hope they do it, done with this fraud of a system.

[butlerweave]

Will Nancy ever wonder why her bank account of $150 million is now only $15 million ? LOL

[bk1000]

They fielded that idea back in the Obama days.
$trillion coin. Lolololol.

[disclaimer]

After they mint the Trillion Dollar Coin, we’ll all need one to buy a loaf of bread.

[null and void]

That’s only about 35,000 short tons.

Pocket change...

[LittleBillyInfidel]

Just even publicly joking about minting a Trillion coin, pithily exemplifies how they are gleefully devaluing the fiat money. Soon, it will be mathematically impossible to ever pay off the debt (as if any politician would dare bother).

[Vaduz]

Must be the Biden team idea sound like something they would do.

[Chode]

backed by, wut... it has no intrinsic value other than it’s weight

[Magnum44]

[Magnum44]