In the latest round of stupidity and proof our money isn’t worth anything other than what the government says it’s worth, a former director of the U.S. Mint says the United States could just create a trillion dollar coin as a bridge loan to avert a debt ceiling crisis. They should just print 100 of them now and we won’t have to worry about a debt ceiling ever. Heck, why not print a few hundred million and hand them out like Chicklets. We’ll all be filthy rich!
A trillion-dollar platinum coin could be minted “within hours of the Treasury Secretary’s decision to do so,” Philip Diehl, former director of the United States Mint, tells Axios.
Why it matters: Congressional solutions to the debt-ceiling problem could take weeks to implement, especially if the reconciliation process is used — and time is running out. In case of emergency, a trillion-dollar coin could be deployed to bridge any gap between the money running out and the debt ceiling being raised.Trillion-dollar platinum coin could be minted at the last minute – Axios