Trillion Dollar Coin?

October 5th, 2021

Mint 30 of them and pay off the debt.

Three Eggs Priced in Zimbabwean Dollars

Three Eggs Priced in Zimbabwean Dollars

Via: Axios:

A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios.

Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.

One Response to “Trillion Dollar Coin?”

  1. rotger says:

    “without any impact on inflation,” says Diehl.
    That proposition is pretty much the literal definition of printing money and this clown think it won’t affect inflation.

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