Re:Trillion-dollar platinum coin could be minted at the last...
by hguant on Tuesday October 05, 2021 @02:59PM
(#28763978)
It doesn't have any impact on inflation beyond what's already happening, I think is a better way of phrasing things.
The coin doesn't go into circulation, it just lets the member banks of the Federal Reserve have an asset (dollars) to borrow against and fund their current operations. This does have an impact on inflation, but it's not the same as dumping USD one trillion in bills into general circulation.
The coin doesn't go into circulation, it just lets the member banks of the Federal Reserve have an asset (dollars) to borrow against and fund their current operations. This does have an impact on inflation, but it's not the same as dumping USD one trillion in bills into general circulation.