mintthecoin.org

Unmoderated except for TOU and security breaches.
User avatar
ben ttech
MPG Ambassador
Karma Hippie
Karma Hippie
Custom Title: godisnotwhite.com
Has bestowed Karma : 389 times
Received Karma : 240 times
Posts: 8234
Joined: Mon May 25, 2009 2:22 am

mintthecoin.org

Post by ben ttech »

debt free method of funding whatever...
"disaster is the mother of necessity" rSin

User avatar
Butcher Bob
Karma God
Karma God
Has bestowed Karma : 1317 times
Received Karma : 921 times
Posts: 3895
Joined: Thu May 21, 2009 10:18 am

mintthecoin.org

Post by Butcher Bob »

How is this different than quantitative easing?

User avatar
ben ttech
MPG Ambassador
Karma Hippie
Karma Hippie
Custom Title: godisnotwhite.com
Has bestowed Karma : 389 times
Received Karma : 240 times
Posts: 8234
Joined: Mon May 25, 2009 2:22 am

mintthecoin.org

Post by ben ttech »

who benefits for starters...
"disaster is the mother of necessity" rSin

User avatar
ben ttech
MPG Ambassador
Karma Hippie
Karma Hippie
Custom Title: godisnotwhite.com
Has bestowed Karma : 389 times
Received Karma : 240 times
Posts: 8234
Joined: Mon May 25, 2009 2:22 am

mintthecoin.org

Post by ben ttech »

The idea of using the U.S. Mint to cover government costs rose to prominence in 2011 during a fight over the debt ceiling and briefly emerged once again in 2013. As Matthew O'Brien explained in The Atlantic at the time, federal law "lets the Treasury create coins in whatever value it wants, even $1 trillion."

"It's all straightforward enough," O'Brien wrote. "The Treasury would create one of these coins, deposit it at the Federal Reserve, and use the new money in its account to pay our bills."

Tlaib's office presents the proposed financing mechanism as a way to assuage the fears of debt mongers concerned about the price tag of sending recurring payments to everyone in the U.S. Funding the bill by having the Treasury mint trillion-dollar coins would mean "no additional debt," according to the Michigan Democrat, who has a website devoted to explaining the idea.



same
"disaster is the mother of necessity" rSin

User avatar
Intrinsic
Advanced Grower
Karma Hippie
Karma Hippie
Has bestowed Karma : 1751 times
Received Karma : 1537 times
Posts: 7656
Joined: Thu May 21, 2009 10:51 am

mintthecoin.org

Post by Intrinsic »

Bueno, as a once a generation thing I don't see any big downside side. Is there?

User avatar
Jesús Malverde
Site Moderator
Karma Bhudda
Karma Bhudda
Custom Title: Munchy Sock since OG lol
Has bestowed Karma : 70 times
Received Karma : 131 times
Posts: 2469
Joined: Fri May 27, 2011 6:59 pm

mintthecoin.org

Post by Jesús Malverde »

The big downside is getting the deficit hawks all in a bother and spreading their filthy, ignorant bilge.
One for the rook

One for the crow

One to rot

and one to grow

User avatar
ben ttech
MPG Ambassador
Karma Hippie
Karma Hippie
Custom Title: godisnotwhite.com
Has bestowed Karma : 389 times
Received Karma : 240 times
Posts: 8234
Joined: Mon May 25, 2009 2:22 am

mintthecoin.org

Post by ben ttech »

as if theyre not spitting up on themselves already, but with this there ISNT any debt!

like finding a cnote
its pure windfall
nothing to repay

id go big


we could quickly renovate and repave the nations
then get straight to exporting the elements of prosperity the rest of the globe needs

for free

would be singularly genius in destablizing the foreign actors who preach against us


no better remedy for terrorist
"disaster is the mother of necessity" rSin

User avatar
Butcher Bob
Karma God
Karma God
Has bestowed Karma : 1317 times
Received Karma : 921 times
Posts: 3895
Joined: Thu May 21, 2009 10:18 am

mintthecoin.org

Post by Butcher Bob »

QE does not directly affect national debt either...so I'm not seeing a beneficial difference.

Something I'm not seeing being addressed is M (money supply). This is not "free" money...it has a cost. It is effectively a tax. To illustrate how that works, let's consider a very simplified example. Let's say the current amount of currency (M) is $1 trillion, and then you coin another $1 trillion to add to it, raising M to $2 trillion. But M is still M no matter the denominatory amount...so where did the "value" of that new currency come from? Well, original currency holders had 100% of M, but after the new currency is added, they now only have 50% of M. The "value" of the new currency has effectively been taxed from the holders of the original currency.

User avatar
ben ttech
MPG Ambassador
Karma Hippie
Karma Hippie
Custom Title: godisnotwhite.com
Has bestowed Karma : 389 times
Received Karma : 240 times
Posts: 8234
Joined: Mon May 25, 2009 2:22 am

mintthecoin.org

Post by ben ttech »

i dont see any reason for assuming the added funds arent currency...


id say the history of QE shows that the method DOESNT affect inflation/deflation one bit

congress is held to the establishment of a STABLE means of exchange, period
"disaster is the mother of necessity" rSin

User avatar
Butcher Bob
Karma God
Karma God
Has bestowed Karma : 1317 times
Received Karma : 921 times
Posts: 3895
Joined: Thu May 21, 2009 10:18 am

mintthecoin.org

Post by Butcher Bob »

ben ttech wrote:i dont see any reason for assuming the added funds arent currency...
Who's assuming that?
id say the history of QE shows that the method DOESNT affect inflation/deflation one bit
What history?
And you would be wrong...it is an inflationary tool that can be used to change periods of deflation.
congress is held to the establishment of a STABLE means of exchange, period
How so? Sure, they're responsible for that...but what mechanism holds them to that?

Post Reply