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Mint Stopping Dollar Coin Production - Washpost

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New Member
United States
19 Posts
 Posted 12/19/2011  2:31 pm  Show Profile   Bookmark this reply Add Snapper to your friends list Get a Link to this Reply
I suspect the popular spin on all of this from certain corners will be how much of a boondoggle this was and that anything the govt does is doomed to failure and/or massive waste, and how they shouldn't be pushing things like this on us...etc etc. When in fact the opposite is the case here. The govt should have been *more* forceful in something like this where the externalities (i.e., costs) of giving in to individual preferences (against dollar coins) hurts the collective group of us. Govt leadership is not just a solution here, it is *the* *only* solution. No other organization has the power or authority. Now after this latest failed attempt (SBA's were in fact too much like Quarters so that was stupid not to see) how long will it be before the next attempt can even be made to bring the U.S. into the modern world of circulating coins and currency? A long time I fear. Sigh.
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jbuck's Avatar
United States
188770 Posts
 Posted 12/19/2011  2:41 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
I still have to say I am never in favor of the government forcing something on us when no morality is violated. But I guess this all goes back to the age old argument of how much should the government "nanny" us b/c, as a nation, we are not capable of doing things best for ourselves.
I generally believe that when it comes to government, less is better; even when it comes to moral issues (again, a subject for another forum). However, in this case, they make the money, they make the rules. That is, they could force anything on us they want "for the common good." This is, after all, a Republic. We do not directly make the decisions, our elected representatives do; and they often just let the "machine" run its own course and retroactively justify it.

If the manufacture and distribution of our money were left entirely to a free market, then the market would decide whether the dollar note made by Company A is preferable to the dollar coin made by Company B.
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Earle42's Avatar
United States
10038 Posts
 Posted 12/19/2011  6:54 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

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I generally believe that when it comes to government, less is better; even when it comes to moral issues

I was referring to things like I am glad they make murder illegal!

I also see your point about the government being the ones who make (well - sort of) the money.

And what you say unfortunately, is true of our elected officials also. They are SUPPOSED to listen the the people who elected them. But, when you get behind the scenes, there is a lot of nonsense that goes on.

When it comes right down to it - according to the Constitution - isn't the government actually breaking the law anyway by making money not of silver or gold?


Quote:
If the manufacture and distribution of our money were left entirely to a free market, then the market would decide whether the dollar note made by Company A is preferable to the dollar coin made by Company B.
Reminds me of the Liberty Dollar situation!

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Download and read: Grading the graders
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jbuck's Avatar
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188770 Posts
 Posted 12/20/2011  11:15 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

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I was referring to things like I am glad they make murder illegal!
If you are interested in my view, feel free to PM me.

Quote:
When it comes right down to it - according to the Constitution - isn't the government actually breaking the law anyway by making money not of silver or gold?
The Constitution places this limitation on the States, but not on the Federal government...

Quote:
Article I Section 10 Clause 1
No State shall ... make any Thing but gold and silver Coin a Tender in Payment of Debts; ...
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Earle42's Avatar
United States
10038 Posts
 Posted 12/20/2011  3:17 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Thanks for the clarification on the gold/silver thing. Too bad it is not the same for the Fed also.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
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