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United States Mint Director David J. Ryder and Maryland Governor Larry Hogan Welcome American Innovation™ $1 Coin Products on December 14

United States Mint Director David J. Ryder and Maryland Governor Larry Hogan Welcome American Innovation™ $1 Coin Products on December 14
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Detailed text transcripts for TV channel - MSNBC - 20130330:13:17:00

Coins like i was saying. if we can mint a trillion dollar coin let s mint a $10 trillion coin and you said we can do that. of course we can. if we stab bhish the treasury secretary has the capacity to mint a trillion dollar coin and deposit it into the account put a 10, 15 or 100. so of course they could do that. the question is should they do that? when a would be the ramifications of doing that. there s no doubt in my mind it could be done. it appears to be by all accounts harvard law professors, yale law professors the former, just another data point, former mint director, the treatment of the trillion coin. the accounting treatment of the coin is identical to the treatment of all other coins. the mint strikes the coin, ships ....

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Detailed text transcripts for TV channel - MSNBC - 20130112:13:27:00

If we establish that treasury secretary has the capacity to mint a trillion dollar coin and deposit it, then they can put a 10 or 100 or any other number. it s at the discretion of the treasury secretary. of course they could do that. the question is should they do that? what would be the ramifications of doing that? there is absolutely no doubt in my mind that it could be done. it appears to be, by all accounts, harvard law professors, yale law professors and others force pors. this is another data point. the former mint director, the treatment of the coin is like all other coins. they transfer a trillion dollars to the treasury s general fund where it can finance government operations just like proceeds or bond sales or additional tax revenu revenues. there are no negative effects this is like borrowing over a higher debt limit. when the federal reserve credits the treasury s bank account, it s just digit allen ....

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