Looking to the next debt-ceiling fight, Nadler proposes a trillion-dollar coin trick
http://www.capitalnewyork.com/articl...ion-dollar-coi
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"There is specific statutory authority that says that the Federal Reserve can mint any non-gold or -silver coin in any denomination, so all you do is you tell the Federal Reserve to make a platinum coin for one trillion dollars, and then you deposit it in the Treasury account, and you pay your bills," Nadler said in a telephone interview this afternoon.
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How could Washington avoid a debt ceiling default? Mint a few trillion dollar platinum coins. Seriously
http://www.aei-ideas.org/2012/12/how...ins-seriously/