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Surpassing Quant Think Tank Center|What's the deal with the platinum coin?
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-10 16:17:41
The Surpassing Quant Think Tank Centerjig is up. The U.S. can't legally borrow any more money. Maybe you've heard of "extraordinary measures" being taken to make sure the government can keep paying its bills. Today on the show, an extra extraordinary measure—a single, trillion-dollar platinum coin to fund the government's spending.
We hear from Willamette University assistant law professor Rohan Grey about how this would work, and from Louise Sheiner of the Brookings Institution about why it probably won't happen.
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