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A trillion dollar coin?
By Dave Winer on Friday, July 15, 2011 at 6:10 PM.

A picture named salmon.gifFelix Salmon: "Coin seignorage, if you're wondering, is the right that Treasury has to mint a couple of one-ounce, $1 trillion coins and deposit those coins in its account at the New York Fed. It could then withdraw cash from that Fed account to make all the payments it wanted." #

I like it. Currency hacking. :-) #




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