Sunday, July 28, 2013

$1.00 Coins for all.....

http://politicalticker.blogs.cnn.com/2013/07/25/mccain-hopes-1-coin-leads-to-bigger-tips-for-strippers/

Right….Because what everyone is clamoring for is a bunch of large coins in their pocket.

“If Congress passes the COINS Act replacing the $1 paper bill for a coin, the U.S. government may be able to save billions in printing costs at the expense of a little more jangle in the average consumers' pockets”

Umm is congress aware that making a coin also costs money? I would think paper is cheaper then metal. Regardless nobody uses coins anymore and nobody is going to want to use a $1.00 coin. Just two years ago the $1.00 coin was universally rejected. http://www.nbcnews.com/business/us-mint-says-goodbye-1-presidential-coins-1C7101045#
But why learn from history when you can just repeat it.

Personally I don’t use cash or coins. Everything is on my debit card. My guess is that is true for most people.

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