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2002-10-04
This was due to the fact that congressmen from states or regions that
produce the paper for the dollar bills would not vote in favour of the coin
unless there was no reduction in the printing of the dollar bills. They
knew that as long as the bills were still printed people would reject the coin,
no matter how many features were added to make it appealing. The knew that
the people would always choose the familiar over the unfamiliar.
I have always felt that the perfect compromise would have been to print the
two dollar bill instead in numbers satisfying to the paper producers. Some
anti-coin comments were that too much change in coins would be too heavy in ones
pocket. EG. If a person were to get change for a five dollar bill in
coins only, the minimum he would receive would be 5 one dollar coins.
But, with the two dollar bill in general circulation change for five
dollars would be 2 two dollar bills and only 1 one dollar coin. A
combination of the one dollar coin and the two dollar bill would have been a
perfect compromise. Maybe this was discussed and the paper producers felt
that the two dollar bill was as unfamiliar as the one dollar coin and many
dummies think the two dollar bill is bad luck. This might place the paper
producers in a bad light, so the two dollar bill may have been rejected.
I wonder if the ORDER to print the dollar bill also includes an order to
circulate them. Would the treasury department be in compliance with the
law if they printed the bills, but never circulated them and/or destroyed them
as soon as they printed them? This may be a way to get the dollar bill out
of circulation. Print it, but don't circulate it.
John
----- Original Message -----
The treasury department was ORDERED by Congress to keep printing dollar bills -- that was specifically included in the dollar coin legislation! One more case of Congress wimping out to the whiners. cm |
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