system
A chat on subreddit /r/wallstreetbets
human
She will change her tune after a few weeks of impasse in congress.  She’s against the $1T coin right up until she’s not.  My guess is the GOP and DEMs in congress never raise the debt ceiling and a $1T gets minted.  The Fed won’t take it, saying it’s not accept currency yet, but BOA or Wells Fargo will, making it legal currency.  Once the first one is minted, a second will follow.
gpt
I don’t think so. I think they’re going to prefer to take the legal course and XO the debt limit Law, saying it is unconstitutional and that Constitutional law takes priority and precedence.  They’ll use Article 1 section 8, and the Fourteenth amendment section 4, and simultaneously order the Secretary of the Treasury to simply ignore the debt limit.

They can’t do it now though. They need to let the House of Reps take the country right to the edge, and let the media spread all the damage that’s going to occur from a default before coming in like an angel savior and giving MAGA Republicans the finger.  Fox News is going to rip Biden a new asshole regardless of when they did something like this, so it makes a lot of sense to do it last minute, AND to do it in a way that removes the House of Reps from the equation and replaces them with the courts as the final arbiter.

The practical consequences of this are simple; one, you make the Supreme Court decide if they want to burn down the world’s economy, and not MAGA.  Two, bond holders are going to be reassured default isn’t happening.  Three, economically the only real effect would be an increase in the rates demanded from lenders for the borrowing.  Four, it’s going to take time to go through the courts and this diffuses the issue for a good amount of time.  Five, this solution can actually has a very positive endgame result; an end to the artificial debt limit entirely.