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> Basically after reading that you understand how wrong the Keynes school is and how Krugman totally lost it (yeah, let's mill a $1 trillion coin... Why not mil
by yk 14y ago
> Basically after reading that you understand how wrong the Keynes school is and how Krugman totally lost it (yeah, let's mill a $1 trillion coin... Why not mill 26 of them and be done with the public debt right!?).
I would suggest you read some Krugman ( or Keynes), the entire point of the $1 trillion as opposed to $26 trillion is, that the government owes roughly $1 trillion to itself. So you do not change anything, the coin is just to get around a law that is there to pretend that money is essentially the same stuff for a government as it is for a private citizen.