There was something that made me curious, and I looked into it. It turned out to be a dry hole. Nothing more to say on this subject for now.
2/17/25, 11:48 AM:
You know things are bad when something crazy starts to sound like a good idea. As long as we're going bat guano crazy, why stop at a trillion? Why not mint one for the entire debt. Instead of creating debt, use the coin to back the greenbacks that will pay down the debt. At no interest.
You could mint rhodium coins. Those are the priciest metal on the markets these days. About 4k per oz. Maybe the Wizard has the answers.
2:07 PM
The Wiz says we're up that certain creek, and we have no paddle. He also says the Krugman is fulla sheet, main. It will be big bad inflation to do the coin trick. Aw, shucks.
10/6/21:
Update:
Minting a trillion dollar coin
Comment:
Just when you thought things couldn't get any crazier, now this...
The original post on 1/8/13 follows
To use that authority to backdoor the 17th and 18th trillion dollars of the national debt would be, according to Castle, "so far-fetched and so black helicopter-ish a type of methodology of trying to resolve something like this that I think the public would totally scoff at it."Comment: I repeat, how is this any different from what they are already doing? If this is crazy, then it all is.
But, I could have told you that already.
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