It still feels like a gimmick with unintended consequences mixed in. ... I'll only agree to it if the face on the trillion coin is Harriet Tubman.
"Minting coins..worth $1 trillion each...is what Tsy would do under a bill submitted by...@RashidaTlaib & @IlhanMN. The measure would fund stimulus...without adding to the national debt & triggering a fight about repayment down the road, its backers say."https://www.bloomberg.com/news/articles/2020-05-15/pandemic-bills-are-so-big-that-only-money-printing-can-pay-them …
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Gimmick perhaps, but the consequences aren't unintended! https://mintthecoin.org/faq/#gimmick
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Bad idea. Nick Cage would steal these coins
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Ten tweet jest niedostępny.
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Smells like hyperinflation spirit
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Common misunderstanding. https://mintthecoin.org/faq/#printing https://mintthecoin.org/faq/#inflation
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Whatever you do don't let Mr. Burns deliver them.
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This is proof that there's no problem so bad that government solutions can't make worse.
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We can either A: Make money printer go BRRRRRRR and offset the inflation by allowing housholds to actually spend money and stimulate the economy or B: borrow the money with a shit load of interest having the same effect but also have to give other countries billions in interest..
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I was looking at this proposal yesterday & trying to figure out if the `zero coupon perpetuities' are much different from platinum coins -- maybe Rohan can explain?https://voxeu.org/article/funding-pandemic-relief-monetise-now …
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1) This uses framework of 'debt', just a different kind of debt. Because of that, it focuses on principle repayment rather than tax-receivability as relevant consideration. Ie a 'perpetual bond' that never needs to be paid back, rather than 'new money' receivable for taxes.
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Wydaje się, że ładowanie zajmuje dużo czasu.
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