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Defaulty Towers: How dangerous is the US Debt Ceiling?
Many Happy Returns
The US Mint Mint a Twelfth Dollar Platinum Coin
There are three players in this story. The first one is Congress, so that's the House of Representatives and the Senate. The second party is the US Treasury Department - think of them as maintaining the national treasure. And then you've got the central bank: Jerome Pals heading that,. They set the monetary policy and they distribute new currency for the US Treasury. So there's a bit of an incentive for them to rule the debt ceiling unconstitutional.
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