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Wednesday, January 9, 2013

Gross Weighs In On Trillion Dollar Coin

News summary by MFWire's editors

The one thing we know about Bill Gross, it's that he loves his literary allusions. But if we know two things about Bill Gross, it's that he loves getting his voice heard on any and all matters of fiscal policy.

This time. It’s the idea of a one trillion dollar coin, reports Business Insider.

The Pimco [profile] maven tweeted earlier this week: “One Trillion dollar coin unlikely but 100 ten Billion dollar coins could be done.”

For a full explanation of the super coin idea, check out the original article

Edited by: Ben Geier


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