Comment: Argh...

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Argh...

...nothing I hate more than monetary cranks.

Platinum coin seigniorage is less inflationary than the issuing of bonds since no interest needs to be paid.

1. Issuing bonds in itself is not inflationary...at all...in any way. I'll be charitable and assume the author was referring to the Fed buying bonds with new money.

2. The Treasury Dept. creating $1 trillion to buy treasuries is just as inflationary as the Fed creating $1 trillion to buy treasuries. They are both inflationary by exactly...wait for it...$1 trillion!

Mint a $100T coin...

Seeing Obama's stupid grin on the world's first (and last) $100 trillion coin would almost be worth the complete economics collapse of the United States. F-king morons...

"Alas! I believe in the virtue of birds. And it only takes a feather for me to die laughing."