What's the deal with the platinum coin?

2024-12-26 13:24:05 source:lotradecoin fees category:Scams

The jig 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.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, Spotify, PocketCasts and NPR One.

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

More:Scams

Recommend

Sabrina Carpenter reveals her own hits made it on her personal Spotify Wrapped list

Can you guess which artist made Sabrina Carpenter's Spotify Wrapped? The answer initially made the "

Death of last surviving Alaskan taken by Japan during WWII rekindles memories of forgotten battle

ANCHORAGE, Alaska (AP) — Gregory Golodoff spent most of his years on a quiet Alaska island, living a

NFL investigation finds Bengals in compliance with injury report policy

The NFL has determined that the Cincinnati Bengals were in full compliance with the league’s injury