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Which just about sums up today’s budget politics. The platinum coin story tells you everything you need to know about DC’s broken budget politics—except how to fix it. I hope you'll pardon ...
Fellow Forbes contributor Donald Marron offers a good overview of the trillion-dollar platinum coin idea that popped into some lazy person’s head and went viral. I’m not a monetary policy ...
But no option would be funnier — in a way that matches the absurdity of the situation Washington finds itself in — than this one: minting a platinum coin worth $1 trillion to pay for the ...
But there is a way out, and it’s been known for years. What we do is mint a $1 trillion platinum coin. Nobody in Congress appears capable of even pretending to act like an adult. So in that ...
Treasury Secretary Janet Yellen shot down the idea, calling it a "gimmick." Could a $1 trillion platinum coin be the solution to the U.S. government's debt limit crisis? Before reaching a short ...
Minting a $1 trillion platinum coin or using the 14th amendment could solve the crisis while sidestepping Congress. But Democrats Insider spoke to are skeptical of taking either of those routes.
Of course this isn't what is being considered, but what if the U.S. Treasury minted a coin from $1 trillion worth of platinum? Such a coin would weigh 42,778,918 pounds -- the equivalent of nearly ...
The Indicator from Planet Money explores how a trillion-dollar platinum coin could get the country around the debt ceiling limit. The U.S. can't legally borrow any more money - not unless the debt ...
Premium bonds are harder to explain, which may make them a more likely route, simply because the platinum coin offers an easier target for false narratives. But let me start with the coin.
While the platinum coin admittedly sounds "silly," it also offers Biden a way out of that bind, and averts an economic calamity to boot. "Surely any sane person would choose the option that doesn ...
The company will also sell a 1-ounce Canada maple leaf platinum coin for the same price. The bars and coins are available online only and cannot be delivered to Louisiana, Nevada or Puerto Rico ...