patrick.net

Banana republic.

If anyone is around to write the history of this cluster fuck, minting a Trillion Dollar Coin would have to be a watershed event in The Great Ruination.
And the goofballs that implement it will be synonamous with "catastrophic idiot".
"You are a real Pelosi you know that Yorg? A real turd in the punchbowl"

Our money is already bullshit. Removing any conceit that it is based on anything other than fantasy would just be the next logical step.

Would this be worse than "borrowing" trillions that aren't going to ever be payed back? At least if you minted a few $1T coins the banksters would have a harder time with the rent seeking.

Just pass 'em around to everyone.

I wonder where has this been tried before?



Note that Billion here is trillion in English.

Adam Smith points out that the physical quantity of gold and silver is no hinderance to its usage as currency. The value of gold and silver will rise or fall as necessary.

https://babylonbee.com/news/thief-assures-victim-the-robbery-will-cost-0-since-victim-is-paying-for-it

Think of all the physical USD in the world, in crap metal coin and paper.

From a kid's piggy bank to a Mumbai Taxi Driver's glove box to a drug dealer's vault.

Now imagine exponentially more that that.

The latter number is what exists digitally.

Money is just a promise of labor.

It's easy to promise more.

Patrick says

Money is just a promise of labor.

It's easy to promise more.

That is an excellent point! What happens when you kill half the laborers? Does your money lose half its value? Or is it more?

Shaman says

What happens when you kill half the laborers?

You replace them with illegals.

Adam Smith says that all value is derived from labor.

HunterTits says

Nope. It is a unit of measurement & exhange to reflect trade in goods & services for other goods & services. Only the Marxist bullshit theory of Labor Value claims otherwise.

Creation of goods and services are labor. Real money, Constitutionally silver and gold, represents the labor of the miners and refiners that created it.

Fiat money happens when the government comes between those that produce and those who consume.