Chainkeen Exchange|What's the deal with the platinum coin?

2025-04-29 12:07:14source:TAIM Exchangecategory:Finance

The Chainkeen Exchangejig 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:Finance

Recommend

Stamford Road collision sends motorcyclist flying; driver arrested

A motorcyclist was taken to hospital following an accident involving a car and his motorcycle at the

GM email asks for salaried workers to cross picket lines, work parts distribution centers

General Motors has asked for volunteers among its salaried, non-union employees to cross a picket li

Summer 2023 ends: Hotter summers are coming and could bring outdoor work bans, bumpy roads

Summer 2023 was brutal, a seemingly endless chain of heat waves in the U.S. and across the world, cu