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Minting a $1 trillion coin may be legal but is an ‘unworkable’ option to avoid a catastrophic US debt default, Moody’s Analytics chief economist says

Moody Analytics chief economist Mark Zandi rejected the idea of a $1 trillion coin as a serious solution to avoiding a US debt default. In a written testimony for a Senate hearing on the debt limit, he said federal law gives the US Treasury authority to mint platinum coins. But the law had …

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