This Is How the Trillion Dollar Coin Could End Debt Ceiling Fights for Good
Odd Lots4 Loka 2021

This Is How the Trillion Dollar Coin Could End Debt Ceiling Fights for Good

Every few years, people are reminded of the weird law the United States has: the debt ceiling. Congress has to vote affirmatively to raise the total outstanding legal stock of debt the country can take on. If Congress fails to vote in favor of it, you could see a theoretical debt default, with devastating consequences. Sometimes the vote is routine and easy. Sometimes it's contentious, as it was in 2011. But arguably there's an easy solution that could avoid these fights altogether: A provision in the law which gives the Treasury Secretary the unilateral right to create platinum coins of any denomination. While this sounds like a joke, there's a serious argument that it offers a robust legal path out of the problem. On this episode we speak with Rohan Grey, a professor at Willamette University College of Law and one of the foremost experts on the legality of the coin maneuver, on how it works in practice and in theory.

See omnystudio.com/listener for privacy information.

Tämä jakso on lisätty Podme-palveluun avoimen RSS-syötteen kautta eikä se ole Podmen omaa tuotantoa. Siksi jakso saattaa sisältää mainontaa.

Jaksot(1307)

How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

How Wall Street Is Bracing For the Post-Jensen Huang Nvidia Era

Nvidia's post-Jensen Huang era has just begun and there are so many open questions about the company's future. Who will the board choose to be Nvidia's next CEO? Will the government crack down on the ...

14 Marras 35min

Why a $2 Billion Law Firm Suddenly Collapsed

Why a $2 Billion Law Firm Suddenly Collapsed

At the end of October, seemingly overnight, a major law firm called Weil Gotshal announced it was winding down after a number of partners departed and talks of a merger with another firm failed. So ho...

13 Marras 58min

What Nvidia's Megaspeed Scandal Is Really All About

What Nvidia's Megaspeed Scandal Is Really All About

Nvidia CEO Jensen Huang’s extramarital relationship with a woman named Alice Huang, whom US intelligence reportedly identified as a Chinese intelligence asset, is one of the biggest stories in the wor...

12 Marras 54min

The Perfect Storm That Clobbered Hedge Funds

The Perfect Storm That Clobbered Hedge Funds

Even before the US midterms, the AI trade was weakening. Just look at all the headlines from October in the hedge fund world — it was one of the bloodiest periods the industry has faced in recent memo...

11 Marras 51min

This Is How New York City Takes Out Its Trash

This Is How New York City Takes Out Its Trash

According to Joshua Goodman, trash collection in New York is one of the last services the city offers that is not yet touched by neoliberalism. What he means is that it's the last free and unlimited c...

9 Marras 52min

The Macro Implications of the Blue Tsunami

The Macro Implications of the Blue Tsunami

We don't need to tell you that the midterm elections were historic: The Democrats won bigger than even they imagined. But as the dust settles, an open question we are puzzling over is the market's ong...

6 Marras 37min

James Bosworth on What Comes After Lula's Stunning Win

James Bosworth on What Comes After Lula's Stunning Win

When we last talked to James Bosworth, it seemed like an “orange wave” was going to take over Latin America and further realign the region’s interests with those of the Trump administration. But with ...

5 Marras 32min

An Election Day Special With Nate Silver

An Election Day Special With Nate Silver

Nate Silver tells us he is calling this midterms the “rock and a hard place election” — the background conditions are great for Democrats to win both the House and the Senate, but for that to come to ...

3 Marras 42min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
vallattomat
psykopodiaa-podcast
mimmit-sijoittaa
rss-oivalluksia-rahasta-elamasta
rss-rahapodi
rss-hereilla
juristipodi
pomojen-suusta
rahapuhetta
rss-kaupan-tila
rss-paasipodi
rss-sisalto-kuntoon
rss-pinnan-alle
sijoituskaverit
rss-doulapodi
hyva-paha-johtaminen
rss-markkinointiradio
rss-valaistumisia-tyoelamasta
rss-karon-grilli