[EMAIL PROTECTED] writes:
A few years ago the Bank of Canada, in the interest of economy, introduced
one- dollar and two-dollar coins. One-dollar and two-dollar notes were
completely withdrawn from circulation in a few months. The economy results
from the fact that coins have a much, much longer life than bills. There
was no public consultation, and so far as I am aware, there was no public
protest.
And there would be little here, too, if the Government did it right.
But note that the Bank of Canada controls both the coins and the paper money.
Here there are two agencies, in one of them (Bureau of Engraving and
Printing) the dollar bill is half their work. Work = jobs = workers writing
to their Congresspeople saying don't cut their jobs.
But the US Government doesn't have the guts to phase out the $1 bill any more
than it has the guts to finish metrication. It's the same root cause, and
it's why the dollar coin is relevant here.
Carleton
