Friday, June 06, 2008

Awhile back I wrote an article about a US Mint press release that stated how the public had accepted the new "Golden dollar." One of the quotes from that press release stated:

"Especially gratifying is what we are hearing from the American people. ... it is clear that we have exceeded all expectations for the coin's acceptance by the public."

Today, I read another press release, this one released 8 years later, about how the US Mint is hiring an ad agency, with a first year budget as high as $2.4 million, to help promote circulation of the Presidential dollars.

I don't know about you, but to me, this seems like a waste of taxpayer Presidential dollars. You would think after 8 years, the US Mint (and Congress) would have acknowledged that a dollar coin will never successfully circulate as long as a dollar bill co-exists with it.

So for what it's worth, I will give a little free advice on how to save taxpayers $2.4 million dollars immediately, save the taxpayers billions of dollars over the long run, and get the dollar coin to circulate to boot: STOP PRINTING DOLLAR BILLS!


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