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Trillion dollar coin and US debt default

Summary:
You may have heard of #MintTheCoin, the trillion dollar platinum coin, which Yellen has the power to mint. This would circumvent the debt ceiling standoff, but it's never going to happen. Here's why.

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You may have heard of #MintTheCoin, the trillion dollar platinum coin, which Yellen has the power to mint. This would circumvent the debt ceiling standoff, but it's never going to happen. Here's why.
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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