The American Mint is coining millions of $1 coins that nobody uses so they continue to stockpile them.
According to a BBC item yesterday
"...the piles have continued to grow because the law requires the US Mint to issue four new presidential coins each year even if most of the previous year's coins remain in government vaults."
http://www.bbc.co.uk/...
Once again, Congress goes halfway and we all pay. Everyone has excuses. Consumers blame merchants, merchants blame consumers, bureaucrats sit on their butts and do nothing.
Other countries have found the answer. It's simple, elegant, and easy to accomplish. No more bills, only coins. It wouldn't take very long to effect a complete change over as people got used to using the new coins.
Of course, the GOP will scream that $1 coins will create an epidemic of some new disease. Or that in America coins are neither patriotic nor Christian. Who knows, we might find that it's some huge Glenbeckian plot to poison us all with metals mined in communist China.
I have a few questions:
- Why can't we perform the simplest of money saving actions in this nation? Where's the National Medical Records Register? Why are we still not on the metric system?
- I know it's only half a billion a year, but how many ideas like this slip through the cracks of the bureaucracy. Worse, how many are thrown into the eternal limbo between legislators and administrators?
- Am I wrong or just crazy?