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Could two platinum coins solve the debt-ceiling crisis?

December 9, 2012 in Coins, Platinum Coins, Politics, USA Coins

Posted by Brad Plumer on December 7, 2012 (http://www.washingtonpost.com/blogs)

If President Obama wants to avoid an economic calamity next year, he could always show up at a press conference bearing two shiny platinum coins, worth… $1 trillion a piece.

Okay, that sounds utterly insane. But ever since last year, some economists and legal scholars have suggested that the “platinum coin option” is one way to defuse a crisis if Congress can’t or won’t lift the debt ceiling soon. At least in theory.

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