Legislative Branch

We should use $1 coins because they save money, last for decades and are 100% recyclable.

I suggest we replace $1 notes with $1 coins, or at last enforce true 50/50 co-circulation. The enabling law and infrastructure already exist, so it would be easy to implement, but it needs Administration support to help the American people overcome familiar, entrenched behavior. A pilot study in late 2008 showed that when people understood the benefits -- $1 coins are durable and last for decades, they are 100% recyclable, and they save the Nation money -- they readily accepted and used them. A study by GAO indicated that the government could save a minimum of a half billion dollars each year by replacing notes with coins, but even just 50/50 co-circulation of notes and coins would save hundreds of millions of dollars. It is such easy, low-hanging fruit, it is confusing why we don't "just do it." This idea saves money AND has sustainability and environmental benefits as well.

Tags

Voting

19 votes
Active
Idea No. 92