Marcus Erikson:What's the deal with the platinum coin?

2025-05-05 15:37:11source:GravityX Exchangecategory:reviews

The Marcus Eriksonjig 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:reviews

Recommend

Former longtime South Carolina congressman John Spratt dies at 82

COLUMBIA, S.C. (AP) — John Spratt, a former longtime Democratic congressman from South Carolina who

Nearly a year later, most Americans oppose Supreme Court's decision overturning Roe

A growing majority of Americans support legal abortion in at least the early months of pregnancy, bu

The Grandson of a Farmworker Now Heads the California Assembly’s Committee on Agriculture

Robert Rivas was talking as fast as he could, which is really quite fast. The California Assemblyman