January 11, 2013
Due to a law passed in the late 90s, it is legal to authorize a special minting of platinum coins in any denomination. While initially intended for commemorative coins, this provision also technically allows for the one-time minting of a $1 trillion platinum coin, that could be given to the Federal Reserve to allow it to pay off U.S. debts, that the country otherwise won't have the liquidity to pay within a month or two from now. In the following video, Motley Fool financial analyst Morgan Housel tells us why this would not have the inflationary impact that many people fear.
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