1 Trillion Dollar Coin ( It might happen )

the coin seems like just a scare tactic to get a knee-jerk reaction to get one political agenda furthered is all. I've been all for retracting our global influence (financial and aid/military) and start taking care of internal financial problems (yes which means a generational wind-down over a decade or more)without being dependent on outside influence such as asian and European markets... global economies were never ready to be created in this world yet imo but for the last 60 or so years we've tried to force it to work and its starting to come back and bite us (and many other nations) in the ass.

Finally! Been stuck in a supervillain rot, because i cant get my shrink rays to work.. but with this!! why steal the Eiffel tower or the statue of librty, now that you can steal this wonderful little coin instead. good times good times...

I am shocked no one mentioned that this would cause inflation so bad in a short amount of time that our economy would crash. Compared to the debt ceiling this is infinitely worse. Also technically if our politicians were not corrupt/cowards from congress to the executive branch we could control the federal reserve. Wouldn't solve all the problems and would create new ones. The only real solution I see is to repeal the federal reserve act of 1913. Politicians would then be accountable and could no longer avoid their constitutional responsibility to the people. End the Federal Reserve.

It won't necessarily cause inflation. It doesn't increase or decrease the amount of money already in circulation. There is a risk of inflation expectations rising as investors see these trillion-dollar-coins getting thrown around. Expectations of higher prices can make inflation a self-fulfilling prophecy. Obama will just say that the coin will only be used once in dire circumstances. Also in terms of global influence, us defaulting on loans isn't like giving financial or military aid. The world is a global market, we import and export (to a lesser degree) to foreign countries. The thing about credit and investment is trust and if we default on these loans, we're not a good bet.

Money flows. That is why even once a trillion dollar coin would create massive inflation. Us not being a good bet would sadly be better than doing the same thing. It would force us to make good decisions for once. The politicians would have no choice. We can't continue down this path. We are in a debt bubble and the bigger it gets the worse it gets. It is a mathematical certainty that all bubbles burst. This has never been proven wrong in the history of man kind. Also think about the trillion dollar coin idea this way. If we can just print money to pay stuff off what will other counties think of our money? This is worse than going through the debt ceiling.

The coin isn't changing the amount of money because it'll be the same if you use a coin or borrow the money. The only reason prices will go higher is because people are expecting it to and thus price according to speculation. So because investors fear it'll cause inflation, they'll cause the inflation themselves. Like gas prices is highly driven by speculation. Here's the thing, the idea of the coins are ridiculous, no doubt. Proponents of the idea will even tell you themselves that it's ridiculous and a bit childish. Historically the debt ceiling has always been raised. The only time there was any issues was last year which lead to us losing our AAA rating which then lead to the fiscal cliff. But with the leftover fights from the fiscal cliff, defaulting on loans and the current federal budget expiring soon, we stand a real chance at a government shutdown.

You see by constantly raising the debt ceiling we allow more politicians to continue their sociopathic behavior of spending other peoples money. Do you know the phrase Debt as/is money? When you use that coin to pay off debt you will have a effect on overall money. In addition as you intelligently pointed out the idea that there could be inflation would create inflation. ( The federal reserve would expand both QE programs at this point and cause more inflation. ) I wish I had the time to go more in depth and what not but I have been bouncing around everywhere today.