Should there be some tempering to what economics means?
Economists are considering past elections as the recent debt problem of the United States seemed to have gotten people thinking about what would really happen if a default occurred. For further insight about the challenges, read a physicist’s opinion on scaling the economy through 2100.
Sovereign governments such as the United States can print new money. However, there’s a statutory limit to the amount of paper currency that can be in circulation at any one time. Ironically, there’s no similar limit on the amount of coinage. A little-known statute gives the secretary of the Treasury the authority to issue platinum coins in any denomination. So some commentators have suggested that the Treasury create two $1 trillion coins, deposit them in its account in the Federal Reserve and write checks on the proceeds.