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Here's How The Government Would Actually Make A $1 Trillion Coin To Avert A Debt Ceiling Crisis

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rosa rios treasurer

Lots of people are questioning whether minting a trillion dollar coin could solve the country's debt ceiling crisis.

Specifically, people are intrigued by a law which says that the Treasury has the ability to create coins of any denomination out of platinum, and use that to fund the government.

The debate over the economics and legality of this option is being hotly debated.

But let's take a step back. How do you literally create a new coin.

We put together images from a Science Channel and History Channel special on how our coins get made.

We hope you find it instructive.

In most cases, Congress would have to authorize any new coin denomination.



But a subsection "k" of US code 31 USC § 5112 technically gives Treasury authority to mint platinum bullion.



The law was not written with debt resolution in mind, but it nevertheless remains on the books. So let's do it!



See the rest of the story at Business Insider

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