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Why mint only a few $trillion coins?
Why not mint 320 million of them and send one to each citizen? We'd all be filthy rich and never have to work again. No more need for welfare or unemployment benefits or Social Security or Obamacare. And think about how all that extra Keynesian demand would boost the economy! A few of us could get together and buy Switzerland, which would be way cool!
Jeez. Doesn't anyone understand facetiousness around here?
3 Answers
- 8 years agoFavorite Answer
Actually, the problem isn't the economics, it's trying to get change, and there just aren't enough $100 billion coins around.
Source(s): Useless trivia--if you got the change in $1 coins, you'd have a stack that reached the moon. Five times. - Anonymous8 years ago
I know this is a bit of a tongue in cheek question but actually something similar must happen before long. All western economies are racking up debt so they can be charitable to the poor. They have a moral duty to the poor because they closed the factories that used to pay them wages. We are all living on borrowed welfare and borrowed time.Massive inflation is bound to happen at some stage.
The future looks very bleak.
- TruthSeeker818Lv 68 years ago
and that coin would be backed by what? If we handed out trillion dollar coins bread would cost $100,000 gas would be $100 a gallon etc.
