Strategel Wealth Society-What's the deal with the platinum coin?

2025-05-02 04:55:37source:Mooathon Wealth Societycategory:Stocks

The Strategel Wealth Societyjig 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:Stocks

Recommend

Snowflakes, Death Threats and Dollar Signs: Cloud Seeding Is at a Crossroads

Listen to an audio version of this story below.Humans have the technology to literally make snow fal

Biden says her name — Laken Riley — at urging of GOP Rep. Marjorie Taylor Greene

WASHINGTON (AP) — It was what the Republicans demanded, but never expected. President Joe Biden said

A new Uvalde report defends local police. Here are the findings that outraged some families in Texas

UVALDE, Texas (AP) — An independent report commissioned by the City of Uvalde into a deadly 2022 sch