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Why the Trillion-Dollar Coin is Not a Viable Solution for U.S. Debt
- August 13, 2024
- Posted by: brian
- Category: Currency, Government
No CommentsThe concept of a trillion-dollar coin has resurfaced as a potential fix for the U.S. government’s debt ceiling issue. The proposal involves minting a platinum coin with a $1 trillion face value, which the U.S. Treasury could use to pay off debts without raising the debt ceiling or borrowing from the Federal Reserve. While this
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