Welcome to Zimbabwe. This is not a parody -- it is an actual report from the Washington Post:
Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory.
Searching "platinum coin" in my blog reveals three posts on this subject
This idea is getting very bad reviews.
Anyway, my idea in Moonrush is to fund an expedition to the moon in order to look for water. With the water, you can refuel spacecraft that can search for platinum from asteroids. These asteroidal platinum coins could be struck in order to retire debt.
The prices could be inflated for the coins. Heck, they already do that with coins. A dollar coin isn't worth a dollar in the metal that comprises it. If it is worth a few cents, it would mean that it is inflated by a factor of maybe 30. Do that with platinum, and you get a 30 times 1700 equals 51000 dollar coin. A million of these would have a collective face value of $51,000,000,000 or 51 billion. The weight of platinum would be 62500 lbs.
An expedition to the moon could be done for a tenth of that, I bet.
Anyway, my idea in Moonrush is to fund an expedition to the moon in order to look for water. With the water, you can refuel spacecraft that can search for platinum from asteroids. These asteroidal platinum coins could be struck in order to retire debt.
The prices could be inflated for the coins. Heck, they already do that with coins. A dollar coin isn't worth a dollar in the metal that comprises it. If it is worth a few cents, it would mean that it is inflated by a factor of maybe 30. Do that with platinum, and you get a 30 times 1700 equals 51000 dollar coin. A million of these would have a collective face value of $51,000,000,000 or 51 billion. The weight of platinum would be 62500 lbs.
An expedition to the moon could be done for a tenth of that, I bet.
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