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Topic 984 - The Treasury has once again introduced a dollar coin, the Pine Tree dollar. Neither the Presidential dollar coin, introduced 11 years ago, nor the Eagle dollar coin, introduced 3 years ago, remained in circulation long: people simply preferred spending paper dollars. However, a survey conducted soon after its release indicates that the Pine Tree dollar is far more appealing than other dollar coins: 76 percent of respondents own the coin; 62 percent of those owning multiple coins consider it so attractive that they are still saving rather than spending the most recent coin to come into their possession. Since the Pine Tree coin promises to become the dollar currency of choice, the Treasury is correct to begin saving money by dramatically reducing the costly printing of paper dollars. Discuss how well reasoned you find this argument.

  • October 15, 2016