6 Comments

Just a few days ago during the mishegas with the Speaker elections and threats to force a voluntary default, I started thinking about Mint the Coin again. I'm so glad to see this event coming up and hopefully a lot of publicity around it.

While I'm not optimistic that the coin will actually be minted, it's an opportunity to educate folks about the way our monetary system works.

MINT THE COIN!!

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Since it's meant to buttress the economy, perhaps it's better to refer to it as the "Trillion Dollar Quoin."

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Inflation, whatever it's mark, will be recognized as Dr. Kelton has already indicated, not a monetary inflation - also as the Fed's papers on topic confirm.

The Debt limit should be full on addressed, undemocratic and unconstitutional - at the point of 'inability to pay'. The only question is 'how to fund the deficit?'.

But the Coinage laws will need to be respected and last time I looked there was no authority in our monetary statutes for the Treasury to mint and issue any coins larger than a $50US Commemorative Coin. "the Secretary's discretion" stops well below the $$TRILLIONS..

Rather than shoehorning unlawful trickery, why not take back the money-issuing power to the sovereign people of the republic?

Debt-free at issue. In permanent circulation. Like Greenbacks were.

https://www.congress.gov/bill/112th-congress/house-bill/2990/text

Just saying.

The Money Apprentice

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What a panel!

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Nice job on the Mehdi Hassan show this eve!

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