Ross: A big, trillion dollar platinum coin can solve the debt crisis

It was 2011, Obama was President, and Republicans were playing the debt ceiling game, and somebody came up with this brilliant idea: The U.S. Mint would simply strike a platinum coin with a face value of One Trillion dollars, deposit it in the Treasury – and just like that, we’re back below the debt limit.

It didn’t happen, of course, because it’s a big joke, right?
More from Dave Ross: Finland’s affordable housing strategy could work here too

Well, I thought so too – until I looked it up in the U.S. Code, Section 31, subsection 5112, paragraph (k), and I quote: “The Secretary may mint and issue platinum …

→ Continue reading at MyNorthwest

Related articles

Comments

Share article

Latest articles