Should the government print a trillion dollar coin to balance the deficit?

Dustin · January 19, 2015, 05:12:35 PM

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More Than Mortal · January 19, 2015, 05:13:47 PM

What a fucking retarded idea.

Forgewolf · January 19, 2015, 05:14:07 PM

I heard about that awhile back and that will NOT do anything to fix a debt problem.

Dustin · January 19, 2015, 05:15:27 PM

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Alternative Facts · January 19, 2015, 05:17:15 PM

How can the debt be real, if our eyes aren't?

Forgewolf · January 19, 2015, 05:18:48 PM

Quote from: Icy on January 19, 2015, 05:17:15 PM

How can the debt be real, if our eyes aren't?

Spoiler

0_0

More Than Mortal · January 19, 2015, 05:20:28 PM

Quote from: Dustin xLilD on January 19, 2015, 05:15:27 PM

Quote from: Meta Cognition on January 19, 2015, 05:13:47 PM
What a fucking retarded idea.
Just curious, what exactly is wrong with it?

Well it does nothing to fix the fiscal profligacy rampant in the government since Bush, and would probably destroy what little remaining trust there is in the monetary institutions by grossly violating their independence and credibility.

Mr. Psychologist · January 19, 2015, 05:25:20 PM

Doesn't that just... devalue the currency by an obscene amount though?

DAS B00T x2 · January 19, 2015, 05:25:31 PM

Wouldn't like that... devalue the euro from the magnitude of it's domestic impact?

Dustin · January 19, 2015, 05:26:15 PM

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Mr. Psychologist · January 19, 2015, 05:28:25 PM

Quote from: Dustin xLilD on January 19, 2015, 05:26:15 PM

Quote from: Mr Psychologist on January 19, 2015, 05:25:20 PM
Doesn't that just... devalue the currency by an obscene amount though?
Quote from: DAS B00T x2 on January 19, 2015, 05:25:31 PM
Wouldn't like that... devalue the euro from the magnitude of it's domestic impact?
They don't put the coin in circulation.

It still means the dollar is worth 1 Trillion less than the day before it was printed though <.<
Even if nobody can spend it, it's just pumping the numbers of the government's bank account up artificially >.>

Camnator · January 19, 2015, 05:28:53 PM

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More Than Mortal · January 19, 2015, 05:30:32 PM

Quote from: Mr Psychologist on January 19, 2015, 05:28:25 PM

It still means the dollar is worth 1 Trillion less than the day before it was printed though <.<

That's not how inflation works. If the coin isn't put into circulation, money velocity remains equal and there's no overheat. It's essentially for the same reason quantitative easing doesn't cause hyperinflation.

Nick McIntyre · January 19, 2015, 05:31:10 PM

"You see what I have here? 16 coins, roughly as big as a quarter. I say they're worth a trillion dollars. HERE YOU GO, DEBT PAID OFF."

Yeah, that sounds fucking retarded.

Mr. Psychologist · January 19, 2015, 05:31:55 PM

Quote from: Meta Cognition on January 19, 2015, 05:30:32 PM

Quote from: Mr Psychologist on January 19, 2015, 05:28:25 PM
It still means the dollar is worth 1 Trillion less than the day before it was printed though <.<
That's not how inflation works. If the coin isn't put into circulation, money velocity remains equal and there's no overheat. It's essentially for the same reason quantitative easing doesn't cause hyperinflation.

And this is why I stick to Psychology >___________>
But still, the more you know. So why would the coin be a bad idea? Economically speaking.

Camnator · January 19, 2015, 05:32:51 PM

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More Than Mortal · January 19, 2015, 05:33:28 PM

Quote from: Mr Psychologist on January 19, 2015, 05:31:55 PM

So why would the coin be a bad idea? Economically speaking.

It wouldn't actually.

It'd just completely and utterly fucking destroy any hope of future fiscal or monetary responsibility and wreck America's political foundations. On its own independent merits though, I see nothing immediately wrong.

More Than Mortal · January 19, 2015, 05:34:28 PM

Quote from: Camnator on January 19, 2015, 05:32:51 PM

Quote from: Meta Cognition on January 19, 2015, 05:30:32 PM
quantitative easing doesn't cause hyperinflation.
You didn't actually state that.

*hasn't

It won't if you aren't completely retarded with it.

Mr. Psychologist · January 19, 2015, 05:34:49 PM

Quote from: Meta Cognition on January 19, 2015, 05:33:28 PM

Quote from: Mr Psychologist on January 19, 2015, 05:31:55 PM
So why would the coin be a bad idea? Economically speaking.
It wouldn't actually.

It'd just completely and utterly fucking destroy any hope of future fiscal or monetary responsibility and wreck America's political foundations. On its own independent merits though, I see nothing immediately wrong.

Ahhh, that makes sense then <.<

rC · January 19, 2015, 05:42:28 PM

Quote from: Meta Cognition on January 19, 2015, 05:30:32 PM

Quote from: Mr Psychologist on January 19, 2015, 05:28:25 PM
It still means the dollar is worth 1 Trillion less than the day before it was printed though <.<
money velocity remains equal and there's no overheat

Septy · January 19, 2015, 05:43:03 PM

Yeah let's just print more money to solve our money problems!

Genius!

The Lord Slide Rule · January 19, 2015, 07:25:13 PM

I'm no economist. In fact I'd say I'm retarded when it comes to that stuff. . .but that just sounds dumb.

Statefarm · January 20, 2015, 07:46:51 AM

I wonder if they'd slap "1 trillion" on it and call it a day or actually design it.

They should put Obama on it smoking weed with "u mad" underneath it.

challengerX · January 20, 2015, 08:23:22 AM

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Ajax · January 20, 2015, 09:57:11 AM

That would destroy the american/world economy...

Tyger · January 20, 2015, 02:28:27 PM

I don't understand this

Kinder Graham · January 20, 2015, 02:29:59 PM

Government should outlaw debt

More Than Mortal · January 20, 2015, 02:31:23 PM

Quote from: Kinder Graham on January 20, 2015, 02:29:59 PM

Government should outlaw debt

That's the dumbest idea I've ever heard.

gats · January 20, 2015, 02:45:40 PM

Quote from: Meta Cognition on January 20, 2015, 02:31:23 PM

Quote from: Kinder Graham on January 20, 2015, 02:29:59 PM
Government should outlaw debt
That's the dumbest idea I've ever heard.

>Kinder

Kinder Graham · January 20, 2015, 03:11:40 PM

Quote from: Meta Cognition on January 20, 2015, 02:31:23 PM

Quote from: Kinder Graham on January 20, 2015, 02:29:59 PM
Government should outlaw debt
That's the dumbest idea I've ever heard.

nah-uh. then there wouldn't be any financial prblems