Minting a trillion-dollar coin would not constrain government spending and would not prevent default because it creates no new wealth or asset backing, so markets would not credit the claim of additional stability.
causalpending
Speaker
David MalpasEvidence Quote
“if it worked the government would just get bigger...and it wouldn't prevent the default uh either because people would look at it and say you haven't created any new wealth or any new asset”
Source
Fix the global debt crisis before it's too late, warns World Bank's David Malpass— GZERO MediaCreated: 8/12/2026, 6:44:21 PM
My Notes
Loading notes...