Sunday, January 08, 2012

Dollar Coins

This may be old news, but the issue of the Presidential dollar coins that are piling up in government warehouses just keeps bugging me, so I'm finally going to clear the air on it.

The government keeps trying over and over again to introduce dollar coins into the currency system, the reason being that the useful life of a coin is vastly longer than the useful life of a paper bill, so changing from paper dollars to coins would be a long term savings for the treasury department.

The problem is that coins are different. People don't really like changing the way they do things, so there is inevitable resistance. The Susan B. Anthony dollar didn't see widespread use, nor the Sacajawea dollar, nor the Presidential dollar coins.

And the reason that these coins aren't catching on is simple. The idiots in the government keep printing paper dollar bills. Get a clue, guys! If you want to make a switch from bills to coins, make the switch. Stop printing the bills and start taking them out of circulation. People will adapt, even if they're resistant at first.

Of course, I happen to like the things, so no one will appreciate my opinion.

1 comment:

Anonymous said...

Or the US could just go for plastic bank notes like the rest of the progressive currencies in the world