There is a way around this problem that preserves the Fedâ€™s independence. That would be for the Treasury to issue the coin to the public, instead of the Fed, thereby leaving the Fedâ€™s balance sheet, and its control of monetary policy, alone. Of course, no one would want a $1 trillion coin. But Gary Gorton, an economist at Yale University, suggests there might be demand for a bunch of $50 million coins.
...just coin (verb) debt- tax- and interest-free United States Notes (not Federal Reserve Notes) and spend them directly into the economy for a new New Deal on steroids to put all of the unemployed employable people to work in solid-paying jobs and train the rest in high-skills needed work followed by employing them too and permanently. Who even needs the Federal Reserve System? We can avoid inflation/deflation without the lazy usurers leeching off labor (real productivity; real wealth creators).
See: Even More On the Platinum-Coin Idea and all of the related links in that one.