Got a heads-up today about a notion I've heard before, but which now seems to be getting some actual attention: What if the Treasury
minted a couple trillion-dollar platinum pennies?
Thanks to an odd loophole in current law, the U.S. Treasury is technically allowed to mint as many coins made of platinum as it wants and can assign them whatever
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Actually, there is one difference. The Fed created money languishes in vaults and only enters the economy when borrowed at interest. The Treasury pennies would back interest-free money spent directly into the economy. Meaning the Treasury pennies would suck much, much less.
Suck less and still not cause hyperinflation.
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