Every year or two a proposal comes forth that would abolish the $1 bill and “replace it” with a dollar coin. Such a switch would save estimated $4.4 billion over 30 years or roughly $147 million per year (a drop in the bucket when compared to the federal budget of $3.7 trillion). The latest projection from the Government Accountability Office come as Congress begins exploring new ways for the government to save money by changing the money itself.
I believe the proposals to replace the $1 bill with a $1 coin are bad, not because they would impose on the people a coin they don’t want to use, but rather because it continues to invoke legal tender laws and government control of the currency.
In California, 426,876 more votes were cast for President than for U.S. Senate.
And announcing the winners of the FPP Peace Prize
