4.4 • 1.6K Ratings
🗓️ 1 November 2021
⏱️ 59 minutes
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0:00.0 | Adlots is brought to you by Apollo. |
0:02.4 | When it comes to building and financing stronger businesses, |
0:05.1 | Apollo does the heavy lifting by providing customized capital solutions. |
0:08.9 | Apollo, investing in tomorrow, today, learn more at Apollo.com. |
0:30.0 | Hello and welcome to another episode of the AdLots podcast, I'm Joe Weisenthal. |
0:45.8 | Unfortunately, my colleague Tracey Alley is off today, |
0:49.8 | and I say it's unfortunate because A, it's always unfortunate when she's off, |
0:54.2 | but B, today we are going to be speaking about her favorite topic, |
0:58.4 | which is minting a trillion dollar coin. |
1:01.6 | Being a little facetious about that, I'm not 100% it is her favorite topic, |
1:07.6 | but that being said, a few weeks ago we interviewed Rowan Gray, |
1:13.1 | assistant professor at Willamette Law School, and she definitely came away from this topic, |
1:19.6 | I would say more coin curious, coin-pilled, open to the trillion dollar coin idea than she had been. |
1:27.3 | For anyone listening today, I would definitely suggest listening to that conversation first, |
1:31.7 | and it's about this idea that were we to get into a debt ceiling impasse that there is a statute |
1:38.9 | in a 1996 law that says that in theory, the secretary of the treasury can mint proof platinum |
1:46.2 | coinage, and people have argued, including Rowan, that this would allow the government to continue |
1:51.7 | financing even in the event that it isn't allowed to take on more debt. |
1:56.2 | So again, I would encourage everyone to listen to this, but it's a big topic, |
1:59.5 | and so in the meantime, the debt ceiling question has been punted to December, |
2:06.2 | they got 10 Republican votes to essentially go for about two more months, |
2:10.1 | so the question isn't going away. In the meantime, since then, we've also heard |
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