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Reader Questions on the One Trillion Coin Proposal

David16953 Wrote: Jan 09, 2013 4:13 PM

It a great idea but the wrong application. Mint 17 of the coins. Take them to the private bank known as The Federal Reserve Bank who has inflated our currency to almost being worthless. Use the 17 coins to pay off our national debt that we owe this private bank. Mark the coins for interbank use only. Give the owners of The Federal Reserve Bank a final and fatal dose of what they have been giving America since the great depression.

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Reader Questions on the One Trillion Coin Proposal

Several people asked me to comment on the $1 trillion coin proposal endorsed by New York Times columnist and Noble Prize winner Paul Krugman.

I did so yesterday in a satirical post Krugman Supports the $1 Trillion Coin; Why Stop There? I Support the $1 Quadrillion Coin.

In response to the above article, I have received several emails wondering where the money comes from. For example reader Tom writes ...