After We Get Rid Of The Dollar Bill, We Should Move On To The Penny And Nickel Next


Replacing dollar bills with dollar coins is an obnoxious idea, if only because coins don’t work well in most wallets. Yet, this would seem to be a strong argument in favor of the practice.

Congressional auditors say doing away with dollar bills entirely and replacing them with dollar coins could save taxpayers some $4.4 billion over the next 30 years.

When you’re broke, it doesn’t make a lot of sense to waste 4.4 billion dollars on a minor preference. However, if you really want to see some news about our coins that will make your eyebrows raise, take a look at this.

Rep. Steve Stivers, R-Ohio, said a penny costs more than 2 cents to make and a nickel costs more than 11 cents to make. Moving to multiplated steel for coins would save the government nearly $200 million a year, he said.

Imagine the stupidity required to produce coinage that costs twice as much to make as it’s worth spread across every level of government and it’s easy to see why the country is such a wreck.

Trending on the Web

Related Articles

13

Once Again Unions Find a Pliant Judge to do Their Bidding

In another example of why unions are antithetical to good government, a pliant, left-wing judge in California has ruled that

3

Another Win for Illinois: Now Worst Debtor State

On the same day that it was reported that the checks sent to Illinois lottery winners had bounced, another more

8

Government Wastes Fortune Printing Defective Money

Big Government may have settled on printing money as a solution to all problems because that’s one thing that falls