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How does America pay for a $2 trillion coronavirus relief bill? With two shiny coins, this lawmaker argues

Robert Hackett  |  March 26, 2020

By Robert Hackett, includes “… Under the plan, the Treasury would mint the two $1 trillion coins, then deposit them at the Federal Reserve. Forced by law to recognize the coins as legal tender, the Fed would add $2 trillion to the Treasury’s account. The Treasury would then use this money, under Congress’s direction, for stimulus. If the government wants money, why doesn’t it just—poof!—make the money?  …”

Read the full article on: Fortune

 
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