re: Trillion Dollar Coin Idea - Why Doesn't This Make Sense in My Head?

because it's pretty muc the dumbest idea our government has EVER had. Let's assume, for a moment, that it DOESN'T cause massive hyper inflation (which it will). The fact that our government could do this would cause our creditors to see that we will NEVER be serious about repaying our dept. Demand for our debt would plummet, causing the U.S. to no longer be able to borrow money to pay the interest on it's debt + causing demand for bonds to plummet, causing the price of bonds to plummet, causing a devaluation of the dollar, causing a world-wide recession, causing the dollar to be dumped as the world reserve currency and pricing currency for oil, causing further devaluation of the dollar, causing massive worldwide depression, leading to a regime change in the United States as we go the way of Weimer Germany.