Episode 476 • • 2:10:22 - 2:13:03
476: Middle Class Infanteers
Trillion Dollar Platinum Coin, Debt Ceiling Crisis
Representative Gerald Nadler and various economists have proposed minting a one trillion dollar platinum coin to bypass the debt ceiling crisis. The hosts explain the legal loophole that allows the Treasury to mint platinum coins of any denomination. They argue the proposal highlights the conceptual and "fake" nature of modern money.