“I forget the exact mechanism for it (because it’s insane) but some economists have floated the idea that the US should mint a single platinum coin and declare it to be worth $34T. Once minted, it can be deposited at the US Treasury, and the US debt will be gone.”
I really doubt any real economists floated this silly idea.
I don’t know for sure but Nobel prize winner Paul Krugman seems like the sort of “real economist” who might step up and declare it a swell idea.
https://en.wikipedia.org/wiki/Trillion-dollar_coin
As I suspected, Nobel prize winner Paul Krugman DID endorce this idea.