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Does the U.S. need a trillion-dollar coin?
There's an idea floating around that is undoubtedly crazy. But it has gained traction and support from some of the biggest economic thinkers in the U.S. As another showdown over the debt ceiling looms, experts say the whole thing could be put to rest by simply minting a $1 trillion US coin. Yes, a trillion-dollar coin. It's been endorsed by Nobel Prize laureate Paul Krugman and debated by Treasury Secretary Janet Yellen, though she didn't give the idea a ringing endorsement. "I'm opposed to it, and I don't believe we should consider it seriously," she said in interview with CNBC. "It's really a gimmick, and ... (full story)