In response to:

Reader Questions on the One Trillion Coin Proposal

The Teleprompter Speaks Wrote: Jan 09, 2013 1:26 PM
Printing money just dilutes the value. However, the value of gold, silver, platinum, etc., aren't constant. Somebody could mine more, flood the market, and make hard currency lose it's value. You can't eat gold, silver, platinum, diamonds, etc. They are valuable because people will exchange goods and services for them. Money is the same.

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 ...