Quote:
Originally Posted by Azure
Didn't some high ranking Fed official say they could just print more money to pay their debts?
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I saw some media "experts" suggesting minting a few trillion dollars as one of the worst case scenario options the government could use to avoid defaulting if no deal to raise the debt ceiling could be reached by Congress. Obama said all along he was never considering it, but who knows what was happening behind closed doors.
[Edit]
Here's an article from The Economist discussing this option:
http://www.economist.com/blogs/freee...ust-might-work