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Witness the transformation of raw metal into perfectly minted currency, with billions of coins produced annually. This process blends age-old minting techniques with cutting-edge technology.
Proponents suggest Congress use its minting power to create new money in the form of a trillion-dollar coin to fund itself and sidestep the debt limit. The Constitution explicitly gives Congress ...
But an order to mint a trillion-dollar coin would propel the president into the middle of monetary policy. It would also likely cause some pushback within Biden’s cabinet.
People in the corporate-finance world say that [minting the coin] is a joke; this is a gimmick. They’re really saying it’s populist, not technocratic.
In a cost-cutting move, the U.S. Treasury will stop minting new pennies. Originally introduced in 1793, the one-cent coins will still be legal tender. There are more than 100 billion pennies in ...