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IPFS News Link • Government Debt & Financing
It was an idea pushed mostly by bloggers to allow the Treasury
Department to avoid hitting the debt ceiling without any Congressional
action.
Treasury would mint a trillion dollar platinum coin, deposit it at
the Federal Reserve and use those funds to make future payments. Just
like that, the debt ceiling would be effectively eliminated.
Turns out, the Obama administration seriously considered minting the coin, according to the Huffington Post:
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