This final note today, about the numismatics of the debt ceiling crisis that’s gonna be upon us as soon as the Treasury Department runs out of money mid-February or early March sometime.
We told you Friday about the trillion-dollar platinum coin, a semi-tongue-in-cheek drive to get the Treasury Secretary to mint just a single coin, made of platinum, decide that it’s worth a trillion dollars and then use it to backstop all our debt.
Well, it was a good idea while it lasted. Oregon Republican Congressman Greg Walden has introduced a bill outlawing trillion-dollar debt-paying platinum coins.
Absurd and dangerous, he called the idea. No real appreciation for tongue-in-cheek, either, I guess.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.