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Just give the bond holders some $TRUMP or Doge and call it a day.
Ok, so hear me out. We can't give bond holders $TRUMP coz that would constitute a default.
But if they sell memecoins to pay off debt, wouldn't that constitute taking dollars out of circulation? Degens give the feds dollars, the feds use the dollars to retire debt. Degens get memecoins, but their value will quickly fall to zero and they will stop circulating.
So doesn't Cuban's plan result in money being taken out of circulation?
We can give them $TRUMP once it's been made legal tender.
Yes, it would be deflationary, but it would only matter if there were trillions of dollars of demand for the meme coins. There are only so many fools and most of them have already been parted from their money.
There are only so many fools
This seems like a hold my beer moment
All I mean is that they are technically finite. The second part of that sentence was the more important part.
But, yes, I'm sure something spectacularly stupid will happen in the near future. I have been telling people for years that we aren't on The Darkest Timeline, we're on The Dumbest Timeline.
Yeah, very regressive form of taxation. But given where we are, if they used lottery money to pay off public debts, I think I'd support that. Because that would constitute a shrinking of the footprint of the government.
(Not that this would ever happen, but it's a nice little thought experiment)
I mean, it's not a new idea. States run lotteries to raise public money. Why not the feds? It's just a stealth regressive tax. I guess I wouldn't mind it in terms of effects, but I don't like the idea aesthetically