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Friday, April 22, 2011

"Girls have not gone wild..!"

Girls have not gone wild, the American dollar has gone wild!

The local Dollar store changed their name to the Dollar Plus store, and when they say plus they mean plus, plus, plus times three.

America should model their monetary system after that of Japan. The Japanese do not print one dollar bills or even 5 dollar bills, they have coins for those denominations.

Most paper money gets beat up  hard and usually after one year in circulation needs to be replaced, while coins can last decades and over the lifetime of the currency it costs much less to produce coins than paper currency.

During these rough economic times it seems appropriate to start replacing many denominations of paper money with coins, after all one dollar buys what a quarter bought a few years back.

The federal government would be wise to adopt a system of a one dollar and five dollar coin, in the long run it will save the taxpayer millions of dollars, however when was the government ever concerned about saving the taxpayer?

this appeared as an opinion article in the Kaua'i Garden Island news on 08-24-11;

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