Should the US adopt the dollar coin?

[Swampy]

It approves of the Canadian loonie, which is the dollar coin that has become a symbol of the country, but, when Congress tried to mint dollar coins in 2005, the public didn't bother, so the program was axed.

I used to think the two countries should have a common currency, but, after seeing the problems with the Euro, I've changed my mind. There is also the economic theory of the optimal currency area, which states (to cut a long theory short) that sub-regions in a country may need different currencies to maximize their efficiency.

But I still believe North America should have a customs union, which means free movement of goods and people.

[jerryfmcompushaft]

We had nearly free movement of goods and people until 9/11 made everyone frightened of folks coming across the border....

[Swampy]

Dec 22, 2012 11:00:16 GMT -5 jerryfmcompushaft said:

We had nearly free movement of goods and people until 9/11 made everyone frightened of folks coming across the border....

I know.

[boxcar]

Making coins, Northwest mint

www.youtube.com/watch?v=Hyh9SI5UhnY

[Sir John]

It will all be paper money soon, with the smallest being the US$1000 note.

printed one side only of course.

SJ

[dontom]

Dec 22, 2012 14:40:59 GMT -5 Sir John said:

It will all be paper money soon, with the smallest being the US$1000 note.

printed one side only of course.

SJ

Here in the USA, the highest denomination bill in circulation is $100.00. This is to make it more trouble for those in the illegal drug business.

It used to be $10,000.00. These are now worth around $100,000.00 each to collectors. I own none of those, but I do own several thousand dollar US notes as well as several $500.00 notes. They are worth several hundred dollars more than their face value, not ten times as with the much rarer 10K note.

There was also a $100,000.00 note, but it was only used to trade between banks and is still illegal for a private citizen to own.

-Don-

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[Swampy]

Didn't know about that - thanks for the education, Don.