"Paul Krugman proposes $1 trillion platinum coin as better option to avert debt ceiling crisis"

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Source: Markets Insider
"Paul Krugman proposes $1 trillion platinum coin as better option to avert debt ceiling crisis"
Photo: Markets Insider
TL;DR Summary

Nobel Prize-winning economist Paul Krugman said that the dollar's dominance of global trade and investment flows is overrated, and isn't worth more to America than "a fraction of 1% of its GDP". Krugman advised it would be best to ignore all the "dollar doomers" out there and instead question what "hyping of a nonissue says about their own judgment." He also criticized Elon Musk for being among those who are warning the US is "weaponizing" the dollar through financial sanctions and that such measures are threatening to undermine the greenback's supremacy.

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