Timeline for How would the trillion-dollar coin save the United States' economy?
Current License: CC BY-SA 3.0
10 events
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| Sep 30, 2020 at 2:25 | comment | added | ohwilleke♦ | Shorter: It is an artificial solution to an artificial problem. | |
| Sep 10, 2020 at 10:44 | comment | added | Caleth | @PaulJohnson yes, it's akin to forcing through a bill that adds 1T to the debt ceiling | |
| Jun 17, 2019 at 13:30 | comment | added | Paul Johnson | So if I understand it correctly, this would wouldn't change anything fundamental, it would just be a book-keeping trick to allow the executive to run up more debt without having to ask Congress for permission. | |
| Nov 9, 2017 at 13:09 | comment | added | Evargalo | @Bobson : historically, increasing money in circulation leads to inflation. I am unsure if the deposit of a 1-trillion coin in the Federal Reserve would have the same effect. It would if the Fed was to issue more dollars once the gvt's debt is erased, but it is unclear to me if that's implied in Krugman's argument. | |
| Jul 2, 2016 at 7:34 | history | edited | Brythan | CC BY-SA 3.0 |
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| Oct 4, 2013 at 15:26 | comment | added | Bobson |
There would likely be some economical impact to this, but since this it's never been done, it's not precisely known what the impact would be. - While it's quite true that the impact is unknown, we know from historical precedent that drastically increasing the amount of money in existence often leads to rapid inflation. There's no guarantee that would happen here, but it's probably worth a mention.
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| Jan 10, 2013 at 19:21 | comment | added | Robert Cartaino | <comments removed> Please keep comments focused on improving the post and try to not to turn comment threads into miniature chat rooms and debates. Thanks. | |
| Jan 9, 2013 at 22:02 | vote | accept | Alberto Bonsanto | ||
| Jan 7, 2013 at 22:34 | history | edited | user171 | CC BY-SA 3.0 |
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| Jan 7, 2013 at 22:29 | history | answered | user171 | CC BY-SA 3.0 |