What is your prediction on the raising the US #DebtLimit? (Boost for bigger sample)
1) #Biden caves; increase tied to spending cuts
2) #Republicans cave; Clean debt limit Increase.
3) US Government Default
@antares Biden mints the platinum coin and controversy disappears permanently. #MintTheCoin
@AliceMarshall I wonder how former Fed Chair Janet Yellen will feel about dropping a trillion dollars worth of new money into an economy struggling to get inflation under control?
@antares this money has already been appropriated and spent. Just a question of borrowing $ to pay debts ALREADY contracted for. The Trillion $ coin would simply fund those debts instead of borrowing.
@AliceMarshall In other words the US Treasury would give bond holders 1 trillion dollars to spend in the economy. That is exactly 1 trillion dollars of [Quantitative Easing][1] happening just when the fed is trying to tighten the money supply.
[1]: https://www.forbes.com/advisor/investing/quantitative-easing-qe/
