¶ … Wall Street Journal (Sparshott, J (November 27, 2012) talks about Government inclination to convert the dollar bill into dollar coins. Whilst the public seems to mostly prefer the dollar bill according to the way it is and whilst Crane & Co., the company that prints these bills, is reluctant to eliminate paper money, The Government (as too the Federal Reserve System) views coins as being more of a rational choice. It lasts longer, and can save the government more money enabling it to invest in other more important public programs.
"We continue to believe that the government would receive a financial benefit from making the replacement," Lorelei St. James, a director at the nonpartisan Government Accountability Office, said in remarks prepared for a Congressional hearing scheduled for Thursday.
Predictably, companies that would profit by mining he coins (such as Mining and metals companies, mass transit agencies, vending machine manufacturers and other groups) are in agreement too.
The GAO calculates...
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