Minting Trillion Dollar Coins

[Fluminator]

https://www.msn.com/en-us/news/politics ... WxMZVsTQzo

It looks like to deal with overspending and the huge debt, the American government wants to start minting trillion dollar coins.

I'm just confused because why don't they just mint a quadrillion dollar coin so they can entirely pay off the debt, and give living wages to every American with it? Why stop at trillion dollar coins?

[Randomizer]

First the Treasury and Biden oppose minting a trillion dollar coin.
Second it causes inflation and devalues the US currency by increasing the amount of currency even if not circulated.
Third it encourages even more wasteful spending because Congress can keep spending if they can always have more money printed to cover debts. Not that it ever stopped them before with the Republicans under Newt Gingrich spending to stay in office (Bridge to Nowhere) and Donald "I like bankruptcy" Trump cutting revenues while increasing spending.

[Octavious]

Because Biden will lose it down the back of the White House sofa

[Randomizer]

He can put in in the lock box with those treasury notes for the Social Security Administration. :)

[orathaic]

Second it causes inflation and devalues the US currency by increasing the amount of currency even if not circulated.

I think you are right about your other point, and about the general negatives about a state just spending money it doesn't have.

But on the 'not circulated' bot i think you are wrong.

Like if i minted a trillion dollar coin and then kept it under my best, that would not cause inflation. If i gave it to a bank and that bank lent other money on the strength of the extra assets it now holds, them sure inflationary, but also it is going into circulation.

It is one or the other...

[Jamiet99uk]

Second it causes inflation and devalues the US currency by increasing the amount of currency even if not circulated.

I think you are right about your other point, and about the general negatives about a state just spending money it doesn't have.

But on the 'not circulated' bot i think you are wrong.

Like if i minted a trillion dollar coin and then kept it under my vest, that would not cause inflation. If i gave it to a bank and that bank lent other money on the strength of the extra assets it now holds, them sure inflationary, but also it is going into circulation.

It is one or the other...

A trillion dollar coin minted by you would not be worth a trillion dollars, unless you are a much more influential and powerful individual than I have, to this point in time, been assuming.

[orathaic]

Second it causes inflation and devalues the US currency by increasing the amount of currency even if not circulated.

I think you are right about your other point, and about the general negatives about a state just spending money it doesn't have.

But on the 'not circulated' bot i think you are wrong.

Like if i minted a trillion dollar coin and then kept it under my vest, that would not cause inflation. If i gave it to a bank and that bank lent other money on the strength of the extra assets it now holds, them sure inflationary, but also it is going into circulation.

It is one or the other...

A trillion dollar coin minted by you would not be worth a trillion dollars, unless you are a much more influential and powerful individual than I have, to this point in time, been assuming.

Shh, don't say a word!