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Would Somebody Explain To Fox News How Money Works Please (UPDATE)

Updated at bottom. Some particularly silly people have found a possible way around this upcoming debt-ceiling debacle, a solution that is almost as crazy as the fact that we have a routine that involves regular debt-ceiling debacles. They want to mint a platinum coin worth $1 trillion dollars, and they, of course, have the White House petition to go along with it. Long story short, the idea is that if the House Republicans won’t let the Treasury pay the bills we have already accrued, the secretary of the Treasury can use a legislative loophole to mint a platinum coin, say it’s worth a trillion bucks, and deposit it into the bank, for paying bills (and possibly hookers). And — surprise! — the concept completely eludes Fox News. Read more on Would Somebody Explain To Fox News How Money Works Please (UPDATE)…