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What Happens If The U.S. Defaults On Its Debt? Here's Why It Won't

Money For the Rest of Us

CHAPTER

The Federal Reserve's Option to Issue More Debt

Congress has given the US Mint, which is under the executive branch, the ability to coin. Rowan Gray suggests that the US Mint should mint a trillion-dollar platinum coin. The Federal Reserve will step in if Congress and the Biden administration can't agree on a debt limit increase.

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