The idea, which has been around for about a decade, is that the president can issue a $1 trillion"commemorative" coin, deposit it with the Federal Reserve, and allow the government to keep paying its bills. A US government default on its debt would deal a body blow to the economy, resulting in widespread job losses, higher interest rates and economic pain that would last for years.
This theory [was] that I had the authority to just issue this massive trillion dollar coin, a trillion dollar commemorative coin, and then on that basis we could pay off US Treasuries."What experts sayFew serious economists actually advocate for the coin solution.
Thank you！
The cryptosexuals are gonna love this
America doesn't need a debt ceiling. It needs debt freedom. A sensible idea would be for a decade freeze spending on conflicts, space programs, building arms and freeze spending on legacy projects for decade and payoff debts.
Great, where can I get one? My piggy bank is getting kind of heavy, and besides, I never know when I might need to buy, I don't know.....Another country!
This MUST be a Simpsons reference
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