Harvard Prof: There are Worse Ideas Than a Trillion Dollar Coin

Enlarge image

Credit Periodictableru

These are crystals of pure platinum grown by gas phase transport. Imagine a coin made out of this. And worth a trillion dollars.

One of the far out ideas that’s emerged from the debt ceiling negotiations is minting a single, platinum, trillion-dollar coin. The promise of such a coin was ultimately shot down by the White House but, today on Boston Public Radio,  local economist and Harvard Professor Jeffrey Frankel explained why the trillion dollar coin isn’t as crazy as it might sound.

Guest:

• Jeffrey Frankel, economist and professor at Harvard's Kennedy School of Government