So, I wasn’t always financially aware. In fact, I was, up until a few years ago, very financially unsavvy and ignorant. And so, it was only over the weekend that I learned about the $1 Trillion Dollar Coin proposal by some politicians in the US.

In fact, it isn’t even new.

The proposal to mint $1 Trillion Dollar Coins (Why not make it a Bazillion?) was first proposed in the aftermath of the housing crisis of 2008, when the US hit the debt-ceiling limit in 2011.

The basic idea (I may still get this wrong despite rigorous wiki-ing, so please correct me if I’m wrong) was that the President could technically bypass Congress, and get the Treasury to mint a coin worth $1T, and force the Federal Reserve to buy it at face value and use it to lower their debt obligations, or use it as a stimulus