Why is a US Default Crazier Than Trillion Dollar Coins?
Ask virtually anyone and they will tell you that it's crazy to even consider not raising the debt ceiling and the US defaulting on it's debt. Yet many of those same people will argue that minting trillion dollar coins to continue the US spending binge is somehow not equally insane. The current path we're on is financially unhinged and will obviously end in disaster. So if we're faced with nothing but crazy options, it's time to consider default as a real possibility. After living through just a little inflation in 2022, most people may soon realize that the alternative could be far worse.
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