New Delhi, March 5 -- A lot of innovative ideas are being floated to fund the gaping fiscal hole in the US. One of these involves selling gold card visas for $5 million each. As US President Donald Trump averred, "If we sell 10 million, that's $50 trillion. That means our debt is paid off, and we have $15 trillion above that."

Treasury Secretary Scott Bessent hinted at "monetizing the asset side of the US balance sheet for the American people." Stephen Miran, Trump's nominee to chair the White House Council of Economic Advisors, also floated the idea of "selling the stash" and then exchanging those dollars for foreign currencies, which would also strengthen "undervalued" currencies, an outcome that Trump has signalled he wants.

These st...