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<p>[QUOTE=&quot;Conder101, post: 4287206, member: 66&quot;]This is not the first time this has been suggested.&nbsp; Back when the debt was around 13 trillion it was suggested to mint several trillion dollar coins to pay off the debt.&nbsp; And technically it would work since they count the seigniorage of the face value over the metal cost + cost of manufacturing as profit/income and that amount gets transferred into the general fund.&nbsp; They don&#039;t have to be purchased by the Federal Reserve, it effectively creates money out of thin air.&nbsp; Problem is dumping huge quantities of unbacked cash into the economy tends to create inflation and accerates the downward spiral of the value of the money.[/QUOTE]</p><p><br /></p>

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