peterv
Junior Member
Posts: 62
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Post by peterv on Jan 8, 2013 11:26:32 GMT
This is doing the rounds of the blogosphere. It is (presumably) a spoof but it raises some interesting questions. www.correntewire.com/the_presidents_leverage_he_can_go_platinumCreating a $1tn coin would create debt-free seigniorage for the US government. If the US economy needs an extra $tn to oil its wheels, then surely this a much better way of doing it than 'borrowing' $1tn which just increases the national debt. Of course it doesn't need to be a minted coin at all, it just needs to be digital money. I guess this is a restriction of the US constitution??
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steveb
Junior Member
Posts: 61
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Post by steveb on Jan 21, 2013 11:30:07 GMT
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