“The question is whether it’s going to come to unilateral action by the executive branch,” Khanna said during a meeting with Bloomberg News reporters and editors on Monday.
Treasury Secretary Janet Yellen has rejected the coin idea, expressing doubt that the Federal Reserve would accept such a note. Khanna would like to strategically cut the defence budget and levy taxes on the very rich – including the billionaires of his Silicon Valley district who, he said, continue to send him back to Congress.