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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (525732)	12/7/2012 7:33:50 PM
From: Tom Clarke	Respond to of 793587

When Bo Gritz ran for president on the Populist Party ticket in 1992, he suggested Congress mint a trillion dollar coin to settle the national debt. I guess that wasn't so kooky after all. :)

To: LindyBill who wrote (525732)	12/7/2012 10:42:38 PM
From: Hank Scorpio	7 Recommendations Respond to of 793587

"But, says Gagnon, the U.S. government would simply be using the money to keep spending at existing levels, so it wouldn’t create any extra inflation." This is a load of crap. You can't just create $2Trillion dollars and not have any consequences. The USD would be sold significantly lower - especially given that there is no longer any Congressional control over America's finances. One more step to a dictatorship. Shit, why not mint a trillion of them. No problems for a thousand years.

To: LindyBill who wrote (525732)	12/8/2012 5:43:57 AM
From: Nadine Carroll	6 Recommendations Read Replies (1) \| Respond to of 793587

Isn't this equivalent to what the Fed is already doing, creating new money supply and buying up Treasuries?