Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Furious Republicans Slam 'Mint The Coin' And Say It Would Sink The Titanic

Brett LoGiuratoJan 9, 2013, 21:11 IST

The National Republican Congressional Committee just tweeted out this photo with their take on the "Mint the Coin" movement.

Only problem is, nobody is actually advocating sourcing 1 trillion worth of platinum. It's called seigniorage, the ability to assign a value on money that's higher than the contents of the money.