best mintentions?

It is time to stop printing dollar bills. Really.

Here’s my question: will relegating the dollar to coin-hood devalue it in the eyes of its spenders? Some at the CPS have speculated that dollar-coins might seem more spendable, since they would inevitably reside in the change-purse or the pants-pocket with the dimes, nickels, and quarters. In other words, by some perverse twist of psychoeconomics, could the dollar’s shrinkage lead to its inflation?

A way around this might be to introduce two-dollar coins in the near future as well, a la the Euro and the Canadian “dollar.”* Not only would it cut down on the amount of change one carries, it would also pump up the image of coins in general. After all, the British pound comes in £1 and £2 coins, and is currently twice as valuable as the dollar. Like duh.

In the end, it comes down to convincing the Treasury and the Congress of the need for change.

*Note: The CPS does not officially acknowledge that Canada exists.


4 Responses to “best mintentions?”

  1. 1 jenlinnan March 15, 2007 at 10:38 pm

    Lisa has probably stopped reading your blog altogether due to the consistent title puns, so I will step in and say that the CPS, whose headquarters are based in a place that itself has an occasionally contested existence (see: who lives in MAINE?!), should cut Canada some slack. It’s bigger than you.

  2. 2 Mary Beth March 16, 2007 at 2:42 pm

    I had forgotten about the origins of the “Who lives in MAINE?!” comment, but after a few minutes of contemplation I remembered it was my illustrious freshman year roommate. 😛

    But that’s not why I came here to comment. I came here to comment because Waldey, you are ridiculous and should perhaps consider humor writing if this island thing doesn’t work out in the long run. 🙂

  3. 3 Mary Beth March 16, 2007 at 2:43 pm

    Or, for that matter, even if it does.

  4. 4 Joseph Shoer March 17, 2007 at 3:57 pm

    Au contrare, I think that the coinificatoin of the dollar will *increase* its value. Why, you ask? I respond with the argument:



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