in

The US could mint a single $1 trillion coin (further inflating its currency) to get around its own “debt ceiling” rules. Bitcoin fixes this.

The US could mint a single $1 trillion coin (further inflating its currency) to get around its own “debt ceiling” rules. Bitcoin fixes this.



View Reddit by sunkist5View Source

Leave a Reply

Your email address will not be published.

GIPHY App Key not set. Please check settings

12 Comments

  1. tldr; A loophole in the law that prescribes the types of coins that can legally be minted in the US theoretically allows the Treasury Department to mint a $1 trillion platinum coin, deposit it at the Federal Reserve, and then continue paying its bills as normal. However, Treasury officials have long ruled out using the trillion-dollar coin as a solution to the debt ceiling.

    *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

  2. Is it just me or are these guys pulling shit outta their ass? Do they honestly think they can just keep minting value out of thin fucking air??! Wtf is a platinum coin

    Words of wisdom: “Doesn’t count as a good plan if it takes longer to say it than to think it up”

What do you think?

Most Surveyed South Koreans Want the Government to Tax Crypto

Most Surveyed South Koreans Want the Government to Tax Crypto

Old Money Vs. New Money