how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

Question

how the $1 trillion coin minted by the United States and deposited into the treasury doesn’t help resolve the outstanding debt without ramifications.

In: 141

Answer 1

The idea of the $1 trillion coin is a way for the US government to pay off its debt. But it’s not that simple, it would have consequences like inflation, creating new money, bypassing the legal limit of debt, and damaging the confidence of investors. It might seem like a quick fix but it would cause more problems than it solves.