Cassian Grant:What's the deal with the platinum coin?

2025-05-02 06:08:39source:Alaric Bennettcategory:reviews

The Cassian Grantjig 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:reviews

Recommend

Stanley recalls 2.6 million mugs after dozens of customer complaints, including burn injuries

Stanley is recalling 2.6 million mugs sold in the U.S. after the company received dozens of consumer

Mega Millions jackpot at $1.05 billion with no big winner Friday. See winning numbers for July 28

The Mega Millions jackpot rose to an estimated $1.05 billion after no one matched all six numbers in

Suspect in Gilgo Beach murders due in court

Gilgo Beach murder suspect Rex Heuermann is set to appear in court on Tuesday as authorities continu