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Banking, Economy

“The Trillion-Dollar Question: Could a Coin Save the Day?”

“The debt limit standoff between Republicans and Democrats has elevated questions about creative solutions for averting a crisis, including one that at first blush might seem unthinkable: Could minting a $1 trillion platinum coin make the whole problem go away?

What was once a fringe idea is now being presented to top economic policymakers as a serious remedy.

Asked on Wednesday about the notion that there might be another option if Congress failed to lift the nation’s borrowing cap, Jerome H. Powell, the Federal Reserve chair, said there was not…”

This is one of the stupidest things I’ve read in a long time. Whatever country accepts this coin is full of morons. A coin wont solve the debt problem. What can a coin do that check can’t?. Both of which are worthless in comparison to the amount owed. Printing more fake money wont solve any problems. It creates problems.

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