The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

Instead of issuing new debt and running afoul of the debt ceiling, the Treasury secretary could simply fund the government by minting platinum coins. In 2013, even former US Mint Director Philip Diehl agreed it would work, and over the years, influential voices like financial journalist Joe Weisenthal and New York Times columnist Paul Krugman have also promoted the idea.

If the GOP wants to play chicken with the national debt ceiling, the Democrats can respond in kind.

Source: The guy behind “Mint the Coin” to end the debt ceiling: The trillion-dollar scheme, explained by its inventor – Vox

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