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Creative Speculation

CJCRANE

(18,184 posts) Wed Jun 17, 2015, 03:07 PM Jun 2015

Why can't the treasury just mint [View all]

18 trillion dollar coins and pay off the debt?

Okay, so there would be several thousand very angry bankers, but on the other hand there would be over 300 million very grateful Americans.

12 replies

= new reply since forum marked as read

Highlight:

Why can't the treasury just mint [View all] CJCRANE Jun 2015 OP

Know anyone on a fixed income that lived through the late 1970s, early 1980s? Hoyt Jun 2015 #1

Lets use Zimbabwe as our example - that's basically what they tried to do. hack89 Jun 2015 #2

Since DU claims the top 1% of 1% own most of the wealth, what would be the downside? n/t OnlinePoker Jun 2015 #3

But we're told that's why we can't have nice things... CJCRANE Jun 2015 #4

So? hack89 Jun 2015 #5

Where does the money go? CJCRANE Jun 2015 #6

What money are you talking about? nt hack89 Jun 2015 #7

The money that goes to pay the debt. CJCRANE Jun 2015 #8

It goes to people like me - anyone that buys US Treasury Bonds hack89 Jun 2015 #9

the government borrows money from the fed at interest instead of minting and valuating it itself. wildbilln864 Jun 2015 #10

Note that wasn't always the case, the Government has issued currency directly PoliticAverse Sep 2015 #11

Yes indeed and that's how it should be done today! n/t wildbilln864 Sep 2015 #12