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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The article The Platinum Coin originally appeared on Fool.com.Matt Koppenheffer has no position in any stocks mentioned. Morgan Housel has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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