"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
Why doesn't it ever seem to dawn on people that the coins aren't worth anything because it is the intentional debasement of the currency at work?
If they wanted coins to function as currency in circulation, they would. It's a relatively simple matter to declare One Hundred Old Dollars to be equal to One New Dollar, and then the coinage would work just fine.
That would cause considerable consternation amongst the voting public, however. Reality bites.
Q: Are You Printing Money? Bernanke: Not Literally
. And after examination none were found worthy of PCGS MS70RD Any factory that screws up 6 billion times needs new management >>
...but of course it's their function to mint coins for the public to spend, not for the collector to collect/invest.
"government is not reason, it is not eloquence-it is a force! like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action." George Washington
Comments
If they wanted coins to function as currency in circulation, they would. It's a relatively simple matter to declare One Hundred Old Dollars to be equal to One New Dollar, and then the coinage would work just fine.
That would cause considerable consternation amongst the voting public, however. Reality bites.
I knew it would happen.
<< <i>the Mint produced 6,015,200,000 cents >>
. And after examination none were found worthy of PCGS MS70RD Any factory that screws up 6 billion times needs new management
<< <i>
<< <i>the Mint produced 6,015,200,000 cents >>
. And after examination none were found worthy of PCGS MS70RD Any factory that screws up 6 billion times needs new management
...but of course it's their function to mint coins for the public to spend, not for the collector to collect/invest.