Some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory. The U.S. government is, after all, facing a real problem. The Treasury Department will hit its $16.4 trillion borrowing limit by next February at the latest. Unless Congress reaches an agreement to raise that borrowing limit, the government will no longer be able...
In response to:
Morons at WP. The free market would set the value of any such coin - esp. one that pretends to be fiat money, rather than based on the value of the precious metal used to mint it... This isn't Monopoly, good gravy...
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