Political elites won’t shut up about the trillion dollar platinum coin.
For over a week now, pundits and power brokers — including members of Congress, a Nobel Prize-winning economist, a former director of the Congressional Budget Office, and two former U.S. Mint directors — have engaged in an animated public debate over a bizarre-sounding premise: If the Republican-led House holds the country’s debt limit hostage to its policy demands, President Obama’s Treasury Secretary should order the Mint to produce a large-denomination platinum coin — it has to be platinum — and, once deposited at the Federal Reserve, use the funds to meet existing financial obligations to creditors, vendors, contractors, seniors, and so on.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=92786