Safetyvalue Trading Center:What's the deal with the platinum coin?

2025-05-05 18:57:37source:EAI Community category:Invest

The Safetyvalue Trading Centerjig 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:Invest

Recommend

SFO's new sensory room helps neurodivergent travelers fight flying jitters

San Francisco airport creates sensory room to help nervous flyers San Francisco airport creates sens

Canada investigating 'credible allegations' linked to Sikh leader's death

Canadian national security agencies are investigating "credible allegations" that “agents of the gov

Google brings its AI chatbot Bard into its inner circle, opening door to Gmail, Maps, YouTube

Google is introducing Bard, its artificially intelligent chatbot, to other members of its digital fa