Every time the debt ceiling approaches, people call me and say, hey, so what do you think about it?

So we were one of those phone calls, Carlos Mucha answered.

Yeah.

I have never taken an economics class in my life.

He's a lawyer in economics enthusiast.

No, it's like fantasy football or something.

There are some people who are paid to study economics and that's great.

But it's something I do for free.

You might not know him by name, but about a decade ago

through a comment on a blog post, Carlos popularized an idea to avoid a national debt crisis

by minting a trillion dollar coin.

Yeah, that's right.

Creating a coin out of thin air, that's worth one trillion dollars, minting it

and using it to pay off the nation's debt.

Sounds easy, right?

The coin eject allows the mint at the direction of the Secretary of the Treasury

to mint platinum coins of any denomination.

And so the mint could send over a trillion dollar coin,

and then they would get the profits.

And that really was the genesis of the idea.

The potential for default in all the collateral damage has people thinking far and wide

about how to avoid catastrophe, including this idea,

...