Trillion-dollar platinum coin could be minted at the last minute

Re:Trillion-dollar platinum coin could be minted at the last... by horsawlarway on Tuesday October 05, 2021 @03:05PM (#28764072)

I'd assume the thought is that the coin is not fungible in any meaningful way.

It's not going to enter the monetary supply, it's more of a loophole to avoid debt ceilings.

Now whether avoiding debt ceilings has an impact on inflation is up for debate (my vote is that it will, but I also don't like the debt ceiling in the first place)

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Re:Trillion-dollar platinum coin could be minted at the last... by plutonorm on Tuesday October 05, 2021 @03:08PM (#28764125)

But it erodes faith in the currency and that is, ultimately, what gives it value.

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Re:Trillion-dollar platinum coin could be minted at the last... by horsawlarway on Tuesday October 05, 2021 @03:23PM (#28764343)

sure, but as an outsider looking in - the thing that erodes my faith in the currency is not the minting of a trillion dollar coin, it's the complete disfunction of governance that leads to a situation where this is even considered.

And the harm is already done on that front.

This is relatively low impact compared to other shenanigans.

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Re:Trillion-dollar platinum coin could be minted at the last... by djur on Tuesday October 05, 2021 @03:51PM (#28764704)

A debt default or a sudden halt of US government spending, both resulting in economic collapse, would both be much more effective at eroding faith in the value of the US dollar.

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