Thread: Economics Trillion dollar coin
View Single Post
Old 01-06-2013, 03:35 PM   #21
alnorth alnorth is offline
.
 
alnorth's Avatar
 

Join Date: Dec 2002
Location: Iowania
Casino cash: $47372877
Quote:
Originally Posted by Stewie View Post
I'm pretty sure the "entities" that could fulfill that platinum order aren't interested in trading it for dollars.
There would only be one entity in this hypothetical scenario: the Fed.

The US Treasury would deposit the X trillion dollar coins in a fed vault, and the fed would credit the USA's account with X trillion dollars.
__________________
<ptp> how many emo kids does it take to change a lightbulb?
<Willy> HOW MANY?!
<ptp> none they just sit in the dark and cry
Posts: 28,268
alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.alnorth has an IQ even higher than Frankie's.
  Reply With Quote