Why platinum coins? As noted in the Washington Post today, the U.S. legal code gives the Treasury the power to mint as many platinum coins as it likes, in any value it pleases. So why not press two trillion-dollar coins and deposit them in the nation’s piggy bank?
Some economists think the plan is feasible, and as the Post’s Brad Plumer writes, “The platinum coin is only one of many out-of-the-box ideas that have been proposed to avoid a debt ceiling crisis.”
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