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(1184)

Two Researchers Explain How Quants Are Going To Revolutionize Long-Term Investing

Two Researchers Explain How Quants Are Going To Revolutionize Long-Term Investing

When we think of computer-driven or "quant" investing, we often think fast moves, algorithms making buy and sell orders at incredibly short timeframes. So in theory, the likes of great long-term inves...

11 Des 201733min

An MIT Professor Explains His Original Theory For How Markets Really Work

An MIT Professor Explains His Original Theory For How Markets Really Work

There are two popular schools of thought with regards to how markets work. There's the efficient markets hypothesis (EMH) which says that it's basically impossible to beat the market, because all info...

4 Des 201727min

Coming Soon: Trillions, a New Podcast

Coming Soon: Trillions, a New Podcast

Money goes where it's treated best. That simple truth is a big reason why more and more money—trillions, in fact—flows into a powerful, low-cost tool that's quietly transformed investing in recent yea...

28 Nov 20172min

Why Historic Relationships in Markets Have Been Totally Upended

Why Historic Relationships in Markets Have Been Totally Upended

This month we saw a small sell-off in markets that got big attention. How did we get to the point where a 1 percent fall in the S&P 500 over the course of a week is huge news? And are we about to ente...

27 Nov 201725min

The World's Foremost Expert Explains How To Value Stock

The World's Foremost Expert Explains How To Value Stock

In this age of algorithms and quants, you hear less and less about good old stock picking. You know, like the style of investing associated with Warren Buffet or Benjamin Graham. But that doesn't mean...

20 Nov 201730min

This Is How a Currency Trader Actually Picks What to Buy and Sell

This Is How a Currency Trader Actually Picks What to Buy and Sell

Most asset classes move in a fairly straightforward manner. They're either going up or down at any given time. But when it comes to currencies it's not that simple. Since they're all traded against ea...

13 Nov 201731min

History Has Some Ominous Warnings for Investors in Initial Coin Offerings

History Has Some Ominous Warnings for Investors in Initial Coin Offerings

You can't go a day without hearing about ICOs or Initial Coin Offerings. By taking advantage of a regulatory gap and buzz surrounding cryptocurrencies, companies are raising millions of dollars by lau...

6 Nov 201720min

Everything You've Been Taught About How to Value a Stock Might Be Wrong

Everything You've Been Taught About How to Value a Stock Might Be Wrong

Investors are constantly poring over income statements from big companies to figure out whether they should buy or sell the business's stock. But should they bother? In this week's episode, Joe and Tr...

30 Okt 201725min

Populært innen Business og økonomi

stopp-verden
dine-penger-pengeradet
lydartikler-fra-aftenposten
e24-podden
rss-penger-polser-og-politikk
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
rss-markedspuls-2
lederpodden
pengesnakk
rss-pa-konto
liberal-halvtime
rss-fa-makro
rss-investering-gjort-enkelt
boligbobla