Timeline for How would the trillion-dollar coin save the United States' economy?
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
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| Apr 20, 2018 at 19:08 | comment | added | Cjxcz Odjcayrwl | While it would not change the overall wealth of the US, it would reallocate that wealth. | |
| Nov 9, 2017 at 13:14 | comment | added | Evargalo | I think the point of Krugman's idea is that the peta-coin in the Federal Reserve would not be in circulation. Sure the president of the Fed is not going to buy anything with it anyway. So the value of the green bills in your wallet might not change at all; maybe it would rather be the value of the peta-coin that would drop to zero once it is issued ? | |
| Apr 16, 2013 at 11:20 | comment | added | CsBalazsHungary | +1. Agree. Imagine if they offer 3 of these coins to China to pay back the existing debt. Nonsense. Whenever a country started to get an astronomical amount of debt, the ultimate solution was to start introducing bigger and bigger bills to finance the debt. This indicated hyperinflation. USD is somewhat different case since it is not a single country currency, but I think this exception is just delaying the collapsion. | |
| Jan 7, 2013 at 23:06 | history | answered | Sklivvz | CC BY-SA 3.0 |