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

You could do it but it is legally questionable and would reek of desperation which the markets would negatively react to which would mean an increase in borrowing costs to US government most probably in the billions of dollars range. This guy provides a more detailed explanation. https://youtu.be/vSN3K_Etxyw