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Yale Constitutional-Law Professor Jack Balkin’s Idea…
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“Sovereign governments such as the United States can print new money. However, there’s a statutory limit to the amount of paper currency that can be in circulation at any one time. Ironically, there’s no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.”
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I have no idea whether this would save our economy or not but I really want this coin to be made.
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Just think of the Ocean movie that could come from Clooney and Pitt trying to steal this new Holy Grail for thieves.
Awesome Trillion Dollar Coins Could Solve The Debt Crisis
Minting the most badass coin of all time is one proposed way to solve the debt crisis.
Via: nymag.com
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TroutMaskReplicant a year agoBurns has the trillion dollar bill. You might need to talk to him first.
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William Harris a year agoDoesn’t the FED already do this, but digitally? I thought they just changed the amount of money there was by going in and adding a zero. (PRETENSION ALERT) I heard about it on NPR.
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