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Posts: 157

Mint the coin? -- (link)

Posted by ty97 Sep 28 '21, 07:28

(No message)

https://twitter.com/JakeSherman/status/1442857085117636608 (twitter.com)

Responses:

Excellent -- nm - Mr Burns Sep 28, 07:45
🙄 -- nm - spamlet Sep 28, 07:36 14
- (That’s specially for the dumb coin idea. The debt limit should be eliminated) -- nm - spamlet Sep 28, 07:37 13
  - Do we trust our elected officials enough to not turn us into Greece if the debt ceiling goes away? - Strongbad Sep 28, 08:38 5
    - Except we borrow in our own currency, so it’s not the same sort of risk at all. There are other risks, to be sure. -- (edited) - znufrii Sep 28, 08:43
    - Congress has raised spending/ cut revenues without regard to the debt ceiling for decades, so how would not having it change anything? -- nm - TWuG Sep 28, 08:41 3
      - I realize that, which is the reason for my first question. - Strongbad Sep 28, 08:45 2
        
        Given it's only a weapon really when the Dems are in power ... I don't think it matters. They'll do what they want - Will Hunting Sep 28, 09:04 1
        
        100% agree with your 2nd paragraph and the trend we have seen over the past 20 years. -- nm - Strongbad Sep 28, 09:09
  - I agree that deus ex nummum sounds narratively absurd, but what’s the actual argument against it on the merits? -- (edited) - znufrii Sep 28, 07:45 3
    - Even the Wikipedia article doesn't come up with much beyond "Inflation, maybe?" -- nm - mara Sep 28, 08:36
    - It also sounds deliciously absurd. -- nm - Beryllium Sep 28, 08:17 1
      - No, that’s deus ex numnums -- nm - znufrii Sep 28, 08:48
  - But million dollar coins are still cool, right? -- nm - Canada Sep 28, 07:41
  - I know, and I concur -- nm - ty97 Sep 28, 07:38 1
    - That said, think how much money the government could raise selling commemorative replicas of the coin! - ty97 Sep 28, 07:39

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