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In response to "Mint the coin? -- (link)" by ty97

🙄 -- nm

Posted by spamlet Sep 28 '21, 07:36

(No message)

Responses:

(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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