2021/10/04

The Only Thing Stopping America From Minting a $1 Trillion Coin is its Imagination

● 04/10/2021
“We stamp a coin with the face of a dead president and it’s worth as much as we say it is because that’s what the law says. It’s something I can teach to a seven-year old and it has the benefit of being true.”
– Financial regulation scholar Rohan Grey, noting that the only thing stopping America from minting a $1 trillion coin to solve its imminent debt ceiling crisis is a lack of imagination. “It’s no more silly that judges wearing robes.”
Odd Lots
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$40 USD