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I wonder if this would stop bank robberies? To heavy to carry?
Several House Republicans have introduced legislation to retire the dollar bill and replace it with a mandated dollar coin. A couple of senators, however, have introduced a competing measure to protect the paper dollar from, as they say, the "unpopular one dollar coin."
Who cares? It is true that coins last longer, justifying their higher cost. But who carries them around? I have heard even coin collectors aren't interested in them.
it was sponsored because the GAO keeps saying that it would save money.
i have to say that i found this part ironic:
Schweikert said 3 billion paper dollars are shredded every year, and the constant need to destroy these dollars and create new ones is a cost the government can no longer bear. He said metal coins would last longer and therefore save money.
it was sponsored because the GAO keeps saying that it would save money.
i have to say that i found this part ironic:
Schweikert said 3 billion paper dollars are shredded every year, and the constant need to destroy these dollars and create new ones is a cost the government can no longer bear. He said metal coins would last longer and therefore save money.
quit printing so much money then.
that would save some money.
So, just stop printing paper dollars in order to force a change to dollar coins?
That seems to be right in line with this proposal.
If they are going to make this work, then vending machines will have to be refitted to accept the dollar coin. I believe that is one reason they never caught on, as well as the Kennedy half dollar, because you can't use them to buy things from machines.
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