Can a $1 Trillion Coin End Debt Ceiling Crisis?

[derby378]

What if the threat of a voluntary default by the United States could be erased by simply turning one tiny scrap of platinum into a coin?

That's right. No debt ceiling problem. No bickering in Congress. No market jitters. The only thing needed is for the Treasury Department to mint a platinum coin with a face value of $1 trillion.

Of course, this is not going to happen. Creating money out of thin air is hardly a solution. It could lead to even more concerns from those worried about inflation. Critics of the Federal Reserve's monetary easing programs would likely be apoplectic if the Treasury Department trumped Ben Bernanke's "helicopter drop" by minting a trillion more new dollars.

http://finance.yahoo.com/news/can-a--1-trillion-coin-end-debt-ceiling-crisis--175346781.html

[KamaAina]

1. I know how to make them even more apoplectic

put Reagan's face on the coin.

[madinmaryland]

2. And Grover Norquist's on the flip side!

or would that be the back side?

[htuttle]

3. That idea is golden!

[derby378]

4. Any chance Firesign Theatre would sing at the dedication?