Current:Home > ScamsWhat's the deal with the platinum coin? -ProfitEdge
What's the deal with the platinum coin?
View
Date:2025-04-16 23:03:36
The jig 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.
veryGood! (7869)
Related
- California DMV apologizes for license plate that some say mocks Oct. 7 attack on Israel
- The US Rejoins the Paris Agreement, but Rebuilding Credibility on Climate Action Will Take Time
- North Dakota colleges say Minnesota's free tuition plan catastrophic for the state
- The Ultimatum’s Xander Shares What’s Hard to Watch Back in Vanessa Relationship
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- Save 65% On Bareminerals Setting Powder, Lock In Your Makeup, and Get Rid of Shine
- Biden Climate Plan Looks For Buy-in From Farmers Who Are Often Skeptical About Global Warming
- North Dakota colleges say Minnesota's free tuition plan catastrophic for the state
- Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
- 83-year-old man becomes street musician to raise money for Alzheimer's research
Ranking
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Bling Empire Stars Pay Tribute to “Mesmerizing” Anna Shay Following Her Death
- Lala Kent Addresses Vanderpump Rules Reunion Theories—Including Raquel Leviss Pregnancy Rumors
- The Society of Professional Journalists Recognizes “American Climate” for Distinguished Reporting
- New data highlights 'achievement gap' for students in the US
- 2 Key U.S. Pipelines for Canadian Oil Run Into Trouble in the Midwest
- In Detroit, Fighting Hopelessness With a Climate Plan
- Prepare to Abso-f--king-lutely Have Thoughts Over Our Ranking of Sex and the City's Couples
Recommendation
The Best Stocking Stuffers Under $25
PPP loans cost nearly double what Biden's student debt forgiveness would have. Here's how the programs compare.
Big Banks Make a Dangerous Bet on the World’s Growing Demand for Food
United CEO admits to taking private jet amid U.S. flight woes
Trump invites nearly all federal workers to quit now, get paid through September
Dakota Pipeline Fight Is Sioux Tribe’s Cry For Justice
On the Frontlines of a Warming World, 925 Million Undernourished People
Targeted Ecosystem Restoration Can Protect Climate, Biodiversity