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The USA’s First Trillion Dollar Platinum Coin!

First Trillion Dollar Coin: The Deficit Owl!

3 Responses to “The USA’s First Trillion Dollar Platinum Coin!”

octavianJanuary 6th, 2013 at 5:21 am

Bad idea. Instant inflation ( by definition). Cash, paychecks instantly devalued. If you own a home the price of it should go up, not a bad thing at least psychologically. But when you buy the next one, watch out.

L. Randall Wray L. Randall WrayJanuary 6th, 2013 at 3:03 pm

I don’t think you’ve been paying attention. these deficit owl coins are not going to be dropped into everyone’s backyard, which would indeed cause inflation. they will be safely locked up in the Fed where they can do no inflationary harm.

Who crashed house prices? Wall Street. No trillion dollar coins, just normal depravity and fraud.