This Is How They Could Literally Mint a Trillion Dollar Coin

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Joe Weisenthal and Tracy Alloway analyze the weird patterns, the complex issues and the newest market crazes. Join the conversation every Monday and Thursday for interviews with the most interesting minds in finance, economics and markets.

We've spoken before about how, in theory, the Treasury could mint a $1 trillion platinum coin if Congress fails to lift the debt ceiling on time. The law seems very clear on this. But how would the actual minting process work? On this episode we speak with former U.S. Mint Director Philip Diehl, who ran the agency for several years in the late 90s, and who helped draft the legislation which enabled the coin. We're also joined by past guest Rohan Grey, an assistant law professor at Willamette Law School, for a full discussion on the theory and practice of modern coinage.

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