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

Episoder(1186)

How To Analyze The Currency Markets

How To Analyze The Currency Markets

With assets like stocks and bonds, there are clear techniques you can use to value them. But what about currencies? They don't produce cash flows. They don't offer any particular claim on assets. They...

3 Des 201830min

How Paul Volcker Views His Life

How Paul Volcker Views His Life

Paul Volcker is widely-regarded as single-handedly halting a period of severe inflation in the U.S. during the late 1970s and early 1980s. But the former chairmen of the Federal Reserve’s reputation w...

26 Nov 201827min

Why Blockchain May Never Benefit Corporations

Why Blockchain May Never Benefit Corporations

For years, a common mantra among corporate executives has been that "the blockchain," the technology underlying Bitcoin and other cryptocurrencies, is where the real value lies in the future. But on t...

19 Nov 201834min

This Is How The Unicorn Bubble Will Burst

This Is How The Unicorn Bubble Will Burst

So-called "unicorns" have become household names in recent years. Multi-billion dollar companies like AirBNB, Uber, and WeWork have become known for phenomenal growth, extraordinary valuations, and a ...

12 Nov 201833min

Travel Genius, a New Show From Bloomberg

Travel Genius, a New Show From Bloomberg

What’s the most sure-fire way to get a flight upgrade? How can you find the best, secret local restaurants by asking just one question? What's the first thing you should do when you get into a hotel r...

6 Nov 20181min

How The Original Rogue Trader Rebuilt His Life

How The Original Rogue Trader Rebuilt His Life

If there's one person associated with the term "Rogue Trader" it's Nick Leeson, who singlehandedly brought down Barings Bank in the early 90s, following a series of efforts to cover up bad trades. Aft...

5 Nov 201835min

Prognosis, a New Show From Bloomberg

Prognosis, a New Show From Bloomberg

Where does a medical cure come from? 100 years ago, it wasn't uncommon for scientists to test medicines by taking a dose themselves. As medical technologies get cheaper and more accessible, patients a...

2 Nov 20181min

Why Eurodollars Might Be Ground Zero for De-Globalization

Why Eurodollars Might Be Ground Zero for De-Globalization

Eurodollars have nothing to do with the euro-dollar exchange rate. Instead, they're effectively a source of dollars that operates outside the control of the U.S. Jeff Snider, Head of Global Research a...

29 Okt 201834min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
livet-pa-veien-med-jan-erik-larssen
utbytte
morgenkaffen-med-finansavisen
lederpodden
rss-markedspuls-2
pengesnakk
rss-pa-konto
rss-fa-makro
liberal-halvtime
boligbobla
rss-investering-gjort-enkelt