PharmD Money
PharmD Money, hosted by Certified Financial Planner practitioner Derek Delaney, brings relevant financial education and entertainment to the pharmacist community. Visit www.pharmdfp.com for more information on the show, PharmD Financial Planning LLC, and Derek.
PharmD Money
Ep 91: The One Trillion Dollar Coin
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Derek Delaney
Here we go again. The Federal Government is butting up against another debt ceiling crisis. They owe a lot of people a lot of money and soon will not be allowed to borrow from the public to pay those debts anymore.
But wait. An idea that has been floated around for 30 years is gaining more traction.
It's the idea of the US Mint producing a Trillion Dollar platinum coin that can used to pay down the government's current debt and ultimately keeping them from hitting their debt ceiling.
It all seems like word salad, so in this podcast episode Derek breaks it all down in simplified terms so you can better understand what a one trillion dollar coin is meant to do.
Enjoy!