Trillion Dollar Coin? I Want One!

Cartoon, Comic, Debt, Economics, Inflation

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: