"President Obama could do this by announcing a NGDP level target that
would be implemented by the Treasury Department creating
large-denomination platinum coins that would be deposited at the Fed and
used to fund checks to the public. The Treasury Department would keep
making these coins until the the NGDP level target was hit. If NGDP
went above the target the Treasury Department would issue bonds to
withdraw the excess money."
--http://macromarketmusings.blogspot.com/2012/04/obama-needs-his-fdr-moment.html
This is still a really stupid idea, but an interesting idea would be to issue lower value coins, say $1 million platinum coins. And instead of just depositing them with the Fed, how about having a lottery and give 1 million of these away at random? They could be redeemed at the Fed, and have taxes taken out at that point. Some of the coins wouldn't be redeemed at all, as some collectors would want them.
That is a better idea than the trillion dollar coin.
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