Saturday, March 5, 2011

Dollar Coins?

According to the General Accountability Office, it is time for the United States to drop the dollar bill and move to the dollar coin. The shift is projected to save the US $5.5 billion in the space of 30 years. The first few years would be more expensive, but because the coin is more durable than the bill, the cost will stand the test of time and save significantly! Most Western currencies have already made this shift: the EU, British pound, Canada, etc. But the GOA is insistent that this transition is impossible unless we take away the Bill completely and force the transition to occur. This is the approach all successful Western currencies have taken.
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3 comments:

  1. KeepinItReal21March 6, 2011 at 9:19 AM

    1. This idea will definitely make robbing a bank more difficult (pro)
    2. I will have 'fatter' pockets (pro/con)
    3. The collection of change in your change jar will rob you (con)

    ReplyDelete
  2. UnknownMarch 6, 2011 at 12:18 PM

    4. better for using vending machines on campus:)

    ReplyDelete
  3. Karl JessenMarch 6, 2011 at 7:31 PM

    "$5.5 billion in the space of 30 years."
    ...Wow, that should be reason enough to switch over considering how in debt the United States is.

    ReplyDelete

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