Speaking to the BBC's Today programme, Mr Roche, founder of Orcam Financial Group and blogger at Pragmatic Capitalism, said the idea was being taken "somewhat seriously" in Washington. "I know it’s been spoken about at the White House and a number of prominent people, including congressman, are talking about it," he said. In theory the US Treasury would mint the coin and deposit it into its own account at the Federal Reserve, which would allow the government to write down or cancel $1 trillion of its $16.4 trillion debt pile. The Treasury began shuffling funds in order to pay government bills after the country ... (full story)