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The difference between the U.S. government and your friend Sam is that the US has a track record with fiat currency with value from trade between different persons. Is the difference between a Trillion Dollar coin and regular U.S. coins that, were the Trillion Dollar coin to be traded, the coin would crash the value of all other U.S. currencies? Therefore, it doesn't make sense to use it on the fed balance sheet?
The difference between the U.S. government and your friend Sam is that the US has a track record with fiat currency with value from trade between different persons. Is the difference between a Trillion Dollar coin and regular U.S. coins that, were the Trillion Dollar coin to be traded, the coin would crash the value of all other U.S. currencies? Therefore, it doesn't make sense to use it on the fed balance sheet?