Oh, but that's not so. Let our genius author here explain it:
Notably, such an action would not be inflationary “money printing.” The supply of money circulating in the real economy would not change. One branch of the government would simply deposit a coin in the account of another branch of government, thereby erasing $1 trillion from the national debt. Nothing would change except accounting figures that Congress has fetishized.
And of course, doing so most certainly wouldn't "[vandalize] the foundations of American geopolitical power" or "jeopardize the dollar’s status as the world’s reserve currency". Everyone would just carry on like minting a trillion dollar coin doesn't expose the whole thing as a sham.
There's a part of me that think they just cannot grasp how bad things could possibly get if everything goes sideways. Probably to them, the worst thing they could invision is being one of the homeless they pass daily.
They should probably go talk to people who were alive during the Siege of Sarajevo
Them doing crap like this, it's clear they've forgotten just how fortunate they are to be in a place with such a comfortable standard of living as the US. But then again, that's been as clear for as long as we've had people around to complain about sexist air conditioners, structural racism, and what have you.
If they want to make the country go to hell, at least they'll get a reality check out of it. The ones that make it through if things truly go horribly, at least.
Oh wow it's not satire?
Zimbabwe here we come
Oh, but that's not so. Let our genius author here explain it:
And of course, doing so most certainly wouldn't "[vandalize] the foundations of American geopolitical power" or "jeopardize the dollar’s status as the world’s reserve currency". Everyone would just carry on like minting a trillion dollar coin doesn't expose the whole thing as a sham.
There's no way they are stupid enough to actually believe that doing this wouldn't reverberate around the global financial system.
They either just don't care or the problems it would cause are their explicit goal.
There's a part of me that think they just cannot grasp how bad things could possibly get if everything goes sideways. Probably to them, the worst thing they could invision is being one of the homeless they pass daily.
They should probably go talk to people who were alive during the Siege of Sarajevo
Them doing crap like this, it's clear they've forgotten just how fortunate they are to be in a place with such a comfortable standard of living as the US. But then again, that's been as clear for as long as we've had people around to complain about sexist air conditioners, structural racism, and what have you.
If they want to make the country go to hell, at least they'll get a reality check out of it. The ones that make it through if things truly go horribly, at least.
There's no way the author actually thinks that this is true. Nobody thinks that government spending money somehow erases the governments debt.