Krugman adds lustre to $1 trillion coin plan

An apparently light-hearted proposal to use a legal loophole to mint a $1 trillion coin is gaining increasing traction in the US as an alternative to cutting spending or raising taxes.

According to US law, the US Treasury has the right to issue platinum coins in whatever denomination it chooses. Though the country has managed for now to steer away from the edge of its ‘fiscal cliff', some economists – notably Paul Krugman – are arguing that minting a $1 trillion platinum coin and banking it

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: