Tuesday, January 8th, 2013
There are no negative macroeconomic effects. This works just like additional tax revenue or borrowing under a higher debt limit. In fact, when the debt limit is raised, Treasury would sell more bonds, the $1 trillion dollars would be taken off the books, and the coin would be melted.
— Former U.S. Mint director Philip Diel, discussing the law he co-wrote that allows the Secretary of the Treasury to mint a platinum coin in any denomination… even a trillion dollars.