Paul Krugman proposes $1 trillion coin as debt ceiling solution
Nobel laureate Paul Krugman suggests that minting a $1 trillion platinum coin to pay bills and prevent a US debt crisis wouldn't worsen inflation, as the Fed would likely sell $1 trillion worth of government bonds to offset any inflationary effects. Krugman thinks the government is more likely to issue "premium bonds" to avoid default than mint a $1 trillion coin. The projected deadline for the US debt default is approaching, with no signs of progress on a deal to lift it.
