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Javaman

(62,517 posts)

9. I'm still uncertain about this minting of a trillion dollar coin...

Reply to Larrymoe Curlyshemp (Original post)

Fri Jan 11, 2013, 10:07 AM

Jan 2013

on the face of it, it sounds like something straight out of The Simpsons, but honestly, how does creating a coin with a value that is arbitrarily assigned to it do anything more than move the accounting numbers from one column to another without really changing anything?

I'm very ignorant on this, can please someone give me a basic reason why this would be a sound idea?

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Highlight:

Krugman: Mint that Coin! [View all] Larrymoe Curlyshemp Jan 2013 OP

I saw this on Huffpo. But who's face would be on there? napoleon_in_rags Jan 2013 #1

I say we put Dubya's head on it. Scootaloo Jan 2013 #2

Absolutely! Larrymoe Curlyshemp Jan 2013 #16

lol! nt napoleon_in_rags Jan 2013 #17

Bill Clinton davidpdx Jan 2013 #4

The motto on it should read: "Republicans are so stupid (see other side)" tclambert Jan 2013 #3

Impeachment Trap Zoonart Jan 2013 #7

I think this should be used as a last resort and something to hang over the Republicans heads davidpdx Jan 2013 #5

Maybe it should be acceptable for the government to create money. freedom fighter jh Jan 2013 #6

I don't think the idea of printing more money is a good one davidpdx Jan 2013 #18

I'm talking not about how much money is created, but about freedom fighter jh Jan 2013 #20

I'm with you. There is something obscene about letting private banks make money out of thin air yurbud Jan 2013 #21

I wonder...... groundloop Jan 2013 #8

I'm still uncertain about this minting of a trillion dollar coin... Javaman Jan 2013 #9

As I see it, our economy works on faith. As long as we believe everything is functioning rhett o rick Jan 2013 #11

Thanks, that's what I kind of thought. :) nt Javaman Jan 2013 #12

LOL. Sure, mint a coin worth $1 trillion. We couldnt even keep track of tons of shrink-wrapped $100 rhett o rick Jan 2013 #10

Let's bet they make the coin the same size as a quarter. Javaman Jan 2013 #13

Yeah, and it ends up in circulation and everyone mistakes it for a Susan B. Anthony quarter. nm rhett o rick Jan 2013 #14

Mint just 1 trillion dollar coin, then list it on eBay for 1.5T NorthCarolina Jan 2013 #15

Sign the petition for the coin on the WH's secured site & spread it around (FB, Twtr, emails) Amonester Jan 2013 #19