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4 January 2013updated 26 Sep 2015 4:01pm

Fixing the debt ceiling with a trillion dollar platinum coin

Make a silly demand, get a silly concession.

By Alex Hern

It’s always interesting seeing an idea whose time has come, and today’s seems to be the “platinum coin option” for the US.

America will, in two months, hit the debt ceiling. Again. The federal government will be denied, by law, the money it has been ordered to spend, by law. The three options facing it, in conventional wisdom, are a total government shut-down, a default on its loans, or the raising of the ceiling.

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