The question posed above has been debated for decades by American economists, financiers, politicians and concerned citizens around the country.
According to the French central bank, 54 billion euros were withdrawn from capital funds in October and November, during the height of the public debate over the tax boosts.
The proposal, touched upon by The New York Times’ Paul Krugman and U.S. Represenetative Jerrod Nadler of New York, would see a platinum coin created by the U.S. Mint with a value of $1 trillion.
With a chained CPI, annual benefits wouldn’t accumulate so much. As part of a budget plan, this methodology would create “savings” by virtue of the government accumulating less debt than previously expected.
Of the possible consequences of continued bank bailouts and ongoing financial assistance to certain industries, both in the United States and abroad, currency hyperinflation tops the list of worst-case scenarios.