Lawmakers Call On Treasury To Mint Trillion-Dollar Coins For Stimulus

The video discusses a proposal by Congress members Rashida Tlaib and Pramila Jayapal to mint $2 trillion coins to provide economic relief during the COVID-19 pandemic without increasing the deficit. This proposal, based on the mint coin theory, involves the Treasury creating trillion-dollar coins to be deposited at the Federal Reserve, which would then credit the Treasury's account. While proponents argue it's legal, critics question its practicality and view it as exploiting a loophole. The idea, previously rejected in 2013, faces uncertain support in the current political climate.

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