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This crap again. Why try to foist another change on the public and not just encourage more people to use debit cards instead? Much like 3D movies, they keep trying to push a dollar bill coin on us.
Usually dollar coins are just a money grab by the feds. They make a fortune on the seigniorage and most of them go unused because people collect them in the foolish belief that they'll be worth more as 'rare' coins. This is different, though, in that they want to retire the greenback.
They have studies that tell them they will save money... except they never do because the public in the US does not want dollar coins. But since it is government-think so they will try it again and it will fail again. One of the many ways they squander our resources.
They have studies that tell them they will save money... except they never do because the public in the US does not want dollar coins. But since it is government-think so they will try it again and it will fail again. One of the many ways they squander our resources.
REPLACING the dollar bill with a dollar coin would actually save money.
We've never done that. We have them side by side which is actually even MORE wasteful than ONLY having bills, so not only is congress not helping, it is making things worse each time it does this. lol.
If it saves money lets do it. "A billion here, a billion there, and pretty soon you're talking real money."-attributed to Everett Dirksen. Seriously, who even uses dollar bills anymore.
The U.S. Mint stopped making the presidential dollar coin last year. They have a warehouse full of them because there isn't even a demand from coin collectors. It seems that the only people who want the use of a $1 coin is vending machine companies.
I like dollar coins. I DON'T like that they look and feel too much like quarters. I would love it if they fixed that design flaw, but agree that they need to simultaneously stop printing new dollar bills.
Dollar bills would mostly disappear from usage in 12 months if they stopped making them. People would get over it quickly.
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lol.
