Phaninc:What's the deal with the platinum coin?

2025-05-07 03:05:51source:Phaninccategory:Invest

The Phanincjig 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:Invest

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Raise Your Glass to Pink and Daughter Willow's Adorable Twinning Moment While Performing Together

Pink just gave us a reason to call her kid her mini-me.The "So What" singer performed with her and h

'Believe that': The Arizona Diamondbacks may be the best team in baseball

PHOENIX − They are one of baseball’s most dangerous teams.They can slug, run, walk, make contact, pi