Archive for October 7th, 2021

Explained | The saga of the US Debt Ceiling crisis and $1 trillion coin

October 7, 2021

My new piece explaining the linkages between US debt ceiling crisis and US Dollar 1 trillion coin.

The US government has run into a debt ceiling crisis once again. A few economists have suggested that the US government could mint a platinum coin worth $1 trillion to resolve the crisis.

What exactly is the debt ceiling crisis and how would the coin help resolve the crisis? Here is a primer to explain these two issues.


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