Coins Nobody Wants

It doesn’t take much of an imagination to picture Congress coming up with an idea as silly as the one reported by NPR this morning.  The plan to slap together a billion pieces of cheap metal stamped with the likeness of former presidents certainly demonstrates the arrogance we’d expect from our representatives.  Perhaps they’ll come up with some late-night infomercials to help prevent this stuff from piling up more than it already is in the Federal Reserve vaults.

“In the past four years, the U.S. government spent $300 million making a billion coins that no one wants — the result of a Congressional mandate to mint $1 coins bearing the likeness of each U.S. president.”

Great.  I’m glad our government is so efficient that it only costs them $300 million to create $1 billion.



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