Chapter
Creating Trillion-Dollar Coins to Pay for National Debt
26:28 - 29:47 (03:18)
The idea of the national debt and creating money out of thin air is discussed, with the suggestion of creating multiple trillion-dollar coins, with one given to China and another to Europe, to avoid thinking of green paper as debt.
Clips
In this episode, the hosts discuss the possibility of the US government creating money out of thin air and the concept of the national debt, including the difference between yellow paper (treasuries) and green paper (dollars).
26:28 - 27:57 (01:28)
Summary
In this episode, the hosts discuss the possibility of the US government creating money out of thin air and the concept of the national debt, including the difference between yellow paper (treasuries) and green paper (dollars).
ChapterCreating Trillion-Dollar Coins to Pay for National Debt
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
The government's reliance on discretionary spending without creating a pay-for system is allowing for the accumulation of debt that we don't even think about, leading to a potential crisis that could affect public needs.
27:57 - 29:04 (01:07)
Summary
The government's reliance on discretionary spending without creating a pay-for system is allowing for the accumulation of debt that we don't even think about, leading to a potential crisis that could affect public needs.
ChapterCreating Trillion-Dollar Coins to Pay for National Debt
EpisodeJon Referees an Economist Battle
PodcastThe Problem With Jon Stewart
Senator Elizabeth Warren discusses how the money for big spending ideas is not an issue if the votes are there, as evident in the effortless passing of the Defense Authorization Act each year.
29:04 - 29:47 (00:42)
Summary
Senator Elizabeth Warren discusses how the money for big spending ideas is not an issue if the votes are there, as evident in the effortless passing of the Defense Authorization Act each year.