Is the Trillion-Dollar Platinum Coin Clever or Insane?
Wall Street Pit Policy wonks are debating whether a trillion-dollar platinum coin would be a clever or insane way for President Obama to play hardball with Republicans in the upcoming debt limit battle. Here’s what you should know about this crazy-sounding idea: 1. A legal loophole gives the Treasury Secretary apparently unlimited authority to mint platinum coins. Treasury [...] View the full post at: Is the Trillion-Dollar Platinum Coin Clever or Insane? Related posts: What an Obama Administration Might Mean for the Dollar? AIG: The Real Scandal Is the US Treasury the Next Bear Stearns?