Most understood this idea to be outright silly. However, some seemed to think – while the “trillion dollar coin” was unlikely to ever happen – it could potentially work.
If paying off debts were as simple as assigning arbitrary values to random objects, why not just declare all rocks to be worth $1000 USD and end poverty overnight? In fact, why ever work at all?? Let’s just print a yearly salary of $250K for each of us – wouldn’t that solution be along the same line of thinking?
I found this video to be pretty insightful. I’m not sure what I like more about this guy: his dry wit or that he’s very well informed. Short and sweet – check it out: