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May 23, 2023 05:57 pm

Shut up and mint the coin




Illustration of coins passing through the pillars of the Supreme Court portico
It should be the size of a hubcap, and it should glow in the dark. | Illustration by Alex Castro / The Verge



It’s time to mint the coin, sickos!


If you have not been paying attention to the most tragically online sectors of the financial internet, here’s a summary: the government is about to grind to a halt — yes, again — to argue over the national debt. But there is a way out, and it’s been known for years. What we do is mint a $1 trillion platinum coin.



Since 2003, there’s been an increasing level of dumbfuck nonsense from our elected officials around the debt ceiling. The “debt ceiling” is a limit on government spending that was instituted in 1917. When there’s a Democrat in the White House — and sometimes, even when there...



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Original Link: https://www.theverge.com/2023/5/23/23734654/government-debt-default-trillion-dollar-platinum-coin

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