The fight over whether or not the dollar should be printed or minted continues. The latest volley of cannon fire in favor of the dollar coin came from Senators Tom Harkin of Iowa and Arizona’s John McCain, who earlier today introduced the Currency Optimization, Innovation, and National Savings (Hey — that spells COINS!) Act to promote the use of coins in an effort to curb waste and spending. [More]
GAO To Feds: Replace Dollar Bills With Coins
By March 4, 2011
While many other global economies — including the European Union — have ditched their low-value paper banknotes in favor of coins, the U.S. continues to churn out dollar notes while $1 coins take a backseat. But a new report by the Government Accountability Office urges the Treasury and the Federal Reserve to give renewed thought to the idea of making dollar bills extinct. [More]
