/biz/ - Business & Finance

The trillion dollar coin was an idea pitched during the Obama administration to fight against the debt ceiling and was resurrected by Biden during the pandemic, but was never actually minted.
Now, I don't know a lot abou economics so bear with me:
The whole purpose of money is to be exchanged for goods and services, right? So, how the FUCK would someone exchange a TRILLION dollar coin for anything?
Like yeah if you had the coin in your hands you would theoretically have 1000000000000 dollars, but you wouldn't be able to buy a mansion or a yatch or anything because nobody (not even Blackrock) would have enough money to pay the change and if they had they would never give away a trillion dollars of REAL money in exchange of a fucking coin.