Trillion Dollar Coins?

[Winchester]

I have been hearing much hot air being blown around about trillion dollar coins. I don't get it. What is this proposal meant to do?

 

Many on the right are freaking out about the idea. I mean, it's blatantly inflationary, and will likely drive the gold-standard people mad. However, I am reminded of Larry Burkett's notion (now many years old, as published in his book "The Coming Economic Earthquake") that such a tactic would be the only way to throw off the Fed. Basically to inflate the currency just enough to really break their business. Why abolish the Fed when you can just bankrupt them? Just go to them and say "Hey, here's your money, we printed it. Have a nice flooping rest of your life."

 

However, I get the feeling that's not what is being proposed with this whole platinum coin thing.

 

The money has to circulate prior to losing value. It won't hurt the first users. Thing is, there's  bunch of money that isn't really circulating--essentially not in the money supply.

[4588686]

Socialism ain't the answer, kid.

 

That depends on what you mean by socialism.