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The trillion-dollar coin is so amusing because it's so blatantly disingenuous. I mean, no one's seriously going to treat the coin as actual money, but rather a
by _Nat_ 7y ago
The trillion-dollar coin is so amusing because it's so blatantly disingenuous. I mean, no one's seriously going to treat the coin as actual money, but rather as a symbolic trinket.
For example, say someone steals a trillion-dollar coin; would Forbes rocket them to the top of the richest-people list? And could they ever actually spend the coin in any way?
I mean, sure, the coin'd have value as a piece of artwork, but no one'd seriously regard it as actual money.
- josu 7y agoThe balance sheet of the Fed will. The coin is just a loophole, but the impact on the economy would be the same as actual cash.
- newguy1234 7y agoIt is just a loophole so the government can debase the dollar.