Tuesday, August 02, 2011

New U.S. Platinum Coin Idea: The Trillion Dollar Coin

If Congress fails to pass the debt-ceiling bill, what then? Is there anything left in President Obama's bag of tricks, that is, beyond the 14th Amendment lever which he has indicated he won't use?

One of the more fascinating possibilities would involve the president ordering the minting of two platinum coins, each valued at one trillion dollars, and then depositing them in the U.S. Treasury so that checks could be written against them.

There's been some attention paid to this idea . . .

Read more at: NPR

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