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Scrap the Greenback! -- It's time to get rid of the dollar bill
Slate ^ | March 15, 2007 | Christopher Bonanos

Posted on 03/16/2007 10:49:39 AM PDT by Arec Barrwin

Scrap the Greenback!It's time to get rid of the dollar bill.

By Christopher Bonanos

So the United States is introducing dollar coins, again. Earlier this month, the Treasury put George Washington's face on a golden coin, the first in a limited run that will eventually include almost every American president. (Only presidents who have been dead two years will be depicted, so if Jimmy Carter, Bill Clinton, and the Bushes are still healthy when their turns arrive, the series will end with the Gipper.) This is the government's fourth attempt to move American spenders from dollar bills to dollar coins, after three flops that satisfied nobody but coin collectors. But these quite sensible efforts are destined to fail unless the Treasury finally does what it should have done long ago: Stop printing dollar bills.

(Excerpt) Read more at slate.com ...


TOPICS: Business/Economy; Editorial; News/Current Events; US: District of Columbia
KEYWORDS: coin; dollarbill
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I agree with Bonanos. It's high time to drop the dollar bill. We could save millions/billions of dollars. I've been using $1 coins and $2 bills for some time. A $2 bill is much more convenient, anyway.

I also think we should go ahead & change to the metric system, but that's a topic for another time.

1 posted on 03/16/2007 10:49:41 AM PDT by Arec Barrwin
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To: Arec Barrwin

Metric dollars.


2 posted on 03/16/2007 10:52:26 AM PDT by marron
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To: Arec Barrwin
I don't see what the benefit of a coin would be relative to a bill. It would be a lot more inconvenient. If you're arguing for going back to a gold standard, a) it's not going to happen and b) you don't need coins - you can still use bills backed by gold.

Also, no, we shouldn't change to the metric system. Europe should change to our system.
3 posted on 03/16/2007 10:54:34 AM PDT by billybudd
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To: billybudd

Actually, it's not just Europe. Only 3 countries in the world don't use the metric system; the USA, Liberia, and Myanmar (Burma).


4 posted on 03/16/2007 10:57:34 AM PDT by Arec Barrwin
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To: Arec Barrwin

When the US Mint weenies ever figure out that the US dollar coin shoulnt be close to the size of a quarter, then maybe people might use them. All the other dollar coin attemps have been laughable! I suspect though that the new coin will be close to the quarter size too!


5 posted on 03/16/2007 11:00:10 AM PDT by texson66 ("Tyranny is yielding to the lust of the governing." - Lord Moulton)
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To: texson66
I suspect though that the new coin will be close to the quarter size too!

It will be the same size as the Anthony and Sacajawea dollars because the vending machine industry requires it to be so. Retrofitting would be too expensive.

6 posted on 03/16/2007 11:09:11 AM PDT by Publius (A = A)
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To: billybudd

The advantage of coins is that they don't wear out in 18 months (which is the life expectancy of a dollar bill). The treasury would save oodles of money if they didn't have to print so many dollars.

Of course, the disadvantage to coins is carrying all that change around. I've done that in Europe and it's no fun. There's no Euro bill under a 5. It's the same in Canada.


7 posted on 03/16/2007 11:09:15 AM PDT by conservatrice
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To: Arec Barrwin
Any time I have change in my pocket I wind up losing half of it.

I never lose dollar bills, because I keep them in my wallet.

8 posted on 03/16/2007 11:09:56 AM PDT by E. Pluribus Unum (Islam is a religion of peace, and Muslims reserve the right to kill anyone who says otherwise.)
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To: texson66
I suspect though that the new coin will be close to the quarter size too!

It is the same (bad) metal content, size and weight as the Squawbuck.

9 posted on 03/16/2007 11:09:58 AM PDT by KarlInOhio (Parker v. DC: the best court decision of the year.)
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To: Arec Barrwin

YES! Dump the paper dollar.


10 posted on 03/16/2007 11:10:15 AM PDT by Yo-Yo (USAF, TAC, 12th AF, 366 TFW, 366 MG, 366 CRS, Mtn Home AFB, 1978-81)
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To: conservatrice

Also I've discovered that the paper dollars don't have the same melt value as the coins.


11 posted on 03/16/2007 11:12:36 AM PDT by Ieatfrijoles (Incinerate Riyadh Now.(Request shot splash))
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To: Arec Barrwin

In the name of God, do not go metric. You have no idea the problems it causes, and it is not more accurate, particularly as regards temperature. And no one likes it save the french. Tells you something.


12 posted on 03/16/2007 11:13:46 AM PDT by twonie (RUDY FOR PRESIDENT '08. THERE - A COMMITMENT OUT LOUD.)
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To: Arec Barrwin
Yes, it is high time to scrap the fiat dollar and restore private legal tender. The very reason the one dollar bill is considered obsolete is the exact reason we must rescind it- the private corporation that prints it has a deliberate policy of inflating it. They politely call this the "targeted rate of inflation", and it is around 2%.

Can we talk honestly here? Inflation is just plain theft. We can give it all sorts of academic-sounding names, but it effects the transfer of wealth to the benefit of the government that creates money out of thin air, or in better terms, "borrows money into circulation".

Now, people will naturally be concerned about private legal tender. One big difference will be that this tender will be, by regulation, backed by firm assets including gold and silver. Under this change, nothing would stop anyone from just issuing gold or silver coins, or warehouse receipts in electronic form, or even advanced schemes like the Digital Monetary Trust or e-gold. And citizens will, at last, be free to select the currency that best fits their needs. The only role that government has is to set the standards and enforce them.

But this is all a waste of FR bandwidth, for government, especially the big Welfare-Warfare State we presently have is addicted to inflation as a way of paying off its ever-growing public debt, a debt so large that nobody every proposes reduction let alone retiring. Government also gets to levy income taxes on nominal dollars, so as the currency inflates, selling assets like real estate naturally results in tax revenue even if no change of value really occurred. Theft and more theft.


But, none of these schemes would be allowed to inflate their value.
13 posted on 03/16/2007 11:13:49 AM PDT by theBuckwheat
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To: Arec Barrwin
I vote no to ending the dollar bill, or pennies for that matter.

I also vote no to the metric system. It's fine for science, but cumbersome for real life.
14 posted on 03/16/2007 11:15:30 AM PDT by mysterio
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To: Arec Barrwin

The coins weigh too much.


15 posted on 03/16/2007 11:16:26 AM PDT by BuffaloJack
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To: Arec Barrwin

Yeah...but what's gonna happen on the first summer day when the weather forecast says a high of 33 today...and people are wearing heavy coats wondering why they're SO DAMN HOT!! BTW 33 degrees Celcius is about 93 Fahrenheit.


16 posted on 03/16/2007 11:19:38 AM PDT by RockinRight ("After two years in Washington, I often long for the realism and sincerity of Hollywood." - FDT)
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To: BuffaloJack

The Brits pound coin is great and just the right size.


17 posted on 03/16/2007 11:20:50 AM PDT by bmwcyle (It is time to stop the left at the wall.)
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To: mysterio

Exactly. Joe Six-Pack isn't going to realize that a forecast high of 22 (Celcius) in April is a pleasant spring day, not a hard freeze.


18 posted on 03/16/2007 11:23:12 AM PDT by RockinRight ("After two years in Washington, I often long for the realism and sincerity of Hollywood." - FDT)
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To: RockinRight

We use the metric system exclusively where I work. It's ok. I just like to leave it at work.


19 posted on 03/16/2007 11:28:46 AM PDT by mysterio
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To: conservatrice
The advantage of coins is that they don't wear out in 18 months

Maybe, but your pant's pockets wear out in 9.
20 posted on 03/16/2007 11:29:43 AM PDT by Beckwith (The dhimmicrats and liberal media have chosen sides and they've sided with the Jihadists.)
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To: billybudd

I agree. They keep making these coins and people
keep putting them away. The tailors love them, as the
guy's pants pocket will wear out in record time with these
heavier coins.. I think the $2. bills need to be used
more - they don[t put enough of these out...Paper money
folds, easier to carry, and fits under the mattress
with no bumps... Forget the coins..etc. JK


21 posted on 03/16/2007 11:30:05 AM PDT by sanjacjake
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To: Arec Barrwin
Only 3 countries in the world don't use the metric system; the USA, Liberia, and Myanmar (Burma).

Ah, yes, the infamously inadequate "but everybody ELSE is doing it" argument. You need to understand that there's an unwritten rule regarding its use, and it is this: only former "Gong Show" consolation prize winners are allowed to use it; the rest of us have to come up with something more robust.

We should all fall on our knees and praise Jesus that "everybody else is doing it" didn't cut the mustard during the writing of the Constitution of the United States. In the annals of human history, it may well prove to be the case that, the greatest gift one group of men has ever bestowed upon another is the American Representative Republican form of government, something that exactly NOBODY else was doing, at the time, nor had anybody else ever tried it before.

As for the metric system, hudnreds of thousands of American Engineers, Machinists, and Manufacturing personnel already use it daily; there's zero need to get government involved, unless your goal is to totally gum up the works. Industries are currently using whatever system of measure best suits their particualr needs; some are using both depending upon internal criteria. I use Imperial units on some projects, and SI units on others. And, of course, there's always the dirty little secret that nobody wants to discuss: many foreign Engineers, Machinists and Manufacturing personnel are using Imperial units daily, too.

Ultimately, it doesn't matter what you call the unit of measure, it matters what the physical dimensions of the product are are. One person measures it and says, "It's 1.00 inch long", and another measures it and says, "It's 2.54 centimeters long"; six of one a half-dozen of the other. It doesn't matter what system of units the Machinist was using to create that part, only that his work product is within specifications for the desired application.

I remember in the 1970's when there was the last big government push to force the whole country to "go metric". That worked almost as well as nailing Jell-o to a tree. We certainly don't need to precipitate a repeat performance.

Just let it be.

22 posted on 03/16/2007 11:30:12 AM PDT by HKMk23 (Total domination over all kingdoms under heaven will be given to the saints of YHVH. -- Daniel 7:27)
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To: texson66

When I was a kid, i went to the movies. On saturday aftrenoon it was $1.50.
I gave the lady $2 and she gave me back 2 Susan B Anthony dollars. I was pumped.


23 posted on 03/16/2007 11:31:26 AM PDT by Holicheese (I love shrimp and grits.)
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To: Arec Barrwin
I agree with Bonanos. It's high time to drop the dollar bill. (snip)

I also think we should go ahead & change to the metric system, but that's a topic for another time.

I agree completely.

I love change, when it's an improvement.

24 posted on 03/16/2007 11:32:05 AM PDT by TChris (The Democrat Party: A sewer into which is emptied treason, inhumanity and barbarism - O. Morton)
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To: mysterio

As soon as you go metric, you start watching soccer.
men will carry purses and wear bellbottoms. (ok that last one came out of left field)


25 posted on 03/16/2007 11:33:23 AM PDT by Holicheese (I love shrimp and grits.)
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To: Arec Barrwin
A $2 bill is much more convenient, anyway.

But not as convenient as a $3 bill...


26 posted on 03/16/2007 11:33:48 AM PDT by COBOL2Java (The most dangerous place in the world is between Hillary and the Oval Office)
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To: Arec Barrwin

Coins are stupid and annoying. I can't wait to get rid of the coins weighing in my pockets at the end of each day. And nothing feels as good as a big wad of CASH in your hand (nope...not even that).


27 posted on 03/16/2007 11:39:43 AM PDT by montag813
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To: Arec Barrwin

most people in the service industry don't like dollar coins either. i can't imagine trying to walk home after a shift carrying a couple hundred dollars worth in coin.


28 posted on 03/16/2007 11:41:09 AM PDT by absolootezer0 (stop repeat offenders - don't re-elect them!)
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To: Arec Barrwin
Actually, it's not just Europe. Only 3 countries in the world don't use the metric system; the USA, Liberia, and Myanmar (Burma).

Metric is for faggots. Imperial rules. There is something very natural about Base-12 measurements. 12 apostles. 12 hours. 12 months. 12 signs of the zodiac.

29 posted on 03/16/2007 11:43:41 AM PDT by montag813
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To: Arec Barrwin
Actually, it's not just Europe. Only 3 countries in the world don't use the metric system; the USA, Liberia, and Myanmar (Burma).

Metric is for faggots. Imperial rules. There is something very natural about Base-12 measurements. 12 apostles. 12 hours. 12 months. 12 signs of the zodiac.

30 posted on 03/16/2007 11:43:51 AM PDT by montag813
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To: Arec Barrwin

Great article. I'm all for dollar coins. Great for vending machines, toll roads, and leaving tips. I'm tired of digging through my wallet and seeing crumpled $1 that look like a dog has chewed on it.


31 posted on 03/16/2007 11:46:03 AM PDT by Extremely Extreme Extremist (Good night Chesty, wherever you are!)
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To: Arec Barrwin

...Reagan belongs on this coin simply for putting the breaks on metric conversion. I remember when the signs came down.


32 posted on 03/16/2007 11:48:20 AM PDT by MSF BU
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To: twonie
In the name of God. . .

That is the reason I will not use the coin. They put In God We Trust on the SIDE of the coin.

US Today recently reported a good many of the coins were minted without In God We Trust on the coins (from both mints)

33 posted on 03/16/2007 11:51:21 AM PDT by stars & stripes forever
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To: Arec Barrwin

Yes, I know. I said Europe because it's the only other region that matters.


34 posted on 03/16/2007 11:52:03 AM PDT by billybudd
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To: Arec Barrwin
Metric system be damned, sir! It's French!

All attempts at dollar coins starting with the Susan B. Anthony and continuing to present day were too close in size to the US quarter-dollar. This new dollar will fail just like the Susan B. Anthony and for the same reason.

35 posted on 03/16/2007 11:52:05 AM PDT by LibKill (RudycRAT is lying his way to power. Look at his record. He's 100% DemocRAT.)
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To: KarlInOhio

Actually, the metal content has been changed slightly so that is won't tarnish so badly and quickly.


36 posted on 03/16/2007 11:53:41 AM PDT by green iguana
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To: Arec Barrwin

"It's high time to drop the dollar bill"

What about the strip joint? How does one tip the ladies with a dollar coin?


37 posted on 03/16/2007 11:54:28 AM PDT by VRing (Happiness is a perfect sling bruise.)
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To: Arec Barrwin

But could we at least get a coin that appears to have value and not simply a gold coored bit of pot medal that looks like a poorly struck quarter???


38 posted on 03/16/2007 11:54:49 AM PDT by Jim Verdolini
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To: Arec Barrwin

You're out of touch with America.

People have no use for dollar coins; it's so much easier to carry bills. (vending machine operators see this differently)

The metric system is not just a pain in the ass, it's a disaster looking for a place to happen. Conversions from useful, natural units to metric units has already cost us a Mars lander, and countless law suits due to errors in maps, and deeds. Why change? So many things are on the U.S. system world wide, such as piping, wheels and tires, and type faces.

It's all part of the culture war. Erase America, and the ill-advised freedoms that came with it. Serfdom for all (except the 'leaders')


39 posted on 03/16/2007 11:56:14 AM PDT by editor-surveyor (Turning the general election into a second Democrat primary is not a winning strategy.)
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To: KarlInOhio

Strike that - that was a change the mint was going to make and then didn't. So expect them to get ugly fast.


40 posted on 03/16/2007 11:57:23 AM PDT by green iguana
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To: KarlInOhio

"It is the same (bad) metal content, size and weight as the Squawbuck."

No, not another Sasquatch dollar....sigh


41 posted on 03/16/2007 12:01:44 PM PDT by Jim Verdolini
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To: mysterio
"It's fine for science, but cumbersome for real life."

A crashed Mars lander, caused by federal edict that all data has to be published in metric, so the physicists and engineers had to convert to metric after they had designed in normal US units.

42 posted on 03/16/2007 12:01:47 PM PDT by editor-surveyor (Turning the general election into a second Democrat primary is not a winning strategy.)
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To: VRing
What about the strip joint? How does one tip the ladies with a dollar coin?

You put it in the slot?

43 posted on 03/16/2007 12:02:19 PM PDT by Publius (A = A)
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To: Publius

DOH!


44 posted on 03/16/2007 12:05:44 PM PDT by PAMadMax (Islam is the enemy of all mankind...AlJazeera is its PR Firm)
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To: Arec Barrwin

If they went to dollar coins someone's going to just glue a few to the ground and laugh at people as they try to pick them up.


45 posted on 03/16/2007 12:05:57 PM PDT by highlander_UW (I don't know what my future holds, but I know Who holds my future)
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To: montag813

You can say that again!

(oh! you already did)


46 posted on 03/16/2007 12:06:24 PM PDT by editor-surveyor (Turning the general election into a second Democrat primary is not a winning strategy.)
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To: Publius
It will be the same size as the Anthony and Sacajawea dollars because the vending machine industry requires it to be so. Retrofitting would be too expensive.

Ding! Ding! Winner!

The repeated attempts to foist a dollar coin on an unwilling population is nothing more than a pander to the automatic vending industry. It didn't work with the Ike. It didn't work with Susan B. It didn't work with the gold Sac. It won't work with assorted dead presidents either. PEOPLE DON"T WANT A POCKET FULL OF DOLLAR COINS!!!

47 posted on 03/16/2007 12:15:41 PM PDT by LexBaird (98% satisfaction guaranteed. There's just no pleasing some people.)
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To: montag813

10 fingers, 10 toes. Our number system is base 10. I'm fully versant in both, but when it comes to doing any sort of calculations with them, I'll take metric any day. It's so elegant - 1 liter = 1,000 cc = 1 kg (1 cc of water weighs 1 gram). A force of 1 Newton will accelerate a mass of 1 kg at 1 m/s^2. And so on. It's a system that was designed to make some sort of sense. The old imperial/US system is a hopeless mish-mash of weird multiples (why not 12 oz in a pint, then? Or 12 oz in a pound? What multiple of 12 is a ton? And so on).

Having said that, since I grew up with the old system, I will still refer to distances in inches, feet, yards or miles, weights in pounds, and temperatures in degrees Farenheit, especially temperatures above freezing. Temps below freezing make more sense to me in Celsius. (like I said, the system changed over during my youth)


48 posted on 03/16/2007 12:16:07 PM PDT by -YYZ-
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To: VRing

Visit Canada and you will see ...


49 posted on 03/16/2007 12:18:20 PM PDT by RainMan
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To: editor-surveyor

I'll bet the physicists and engineers mostly work in metric, and any US units only crept in my mistake. I've used both and would much rather make engineering calculations in metric.


50 posted on 03/16/2007 12:18:41 PM PDT by -YYZ-
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