My thoughts. One, coinage is issued directly from the treasury with zero interest attached to it, count that as a plus for your theory. Two, the US Government has tried to do this in the past but not to the extent you are suggesting. All those Sacagawea dollar were the latest attempt to create interest free money problem is that no one used them. Again a plus for your theory. Third, the Constitution, Article 1 Section 7 does allow the Congress to "coin Money, regulate the Value thereof", and your theory meets a lawful standard. The only problem is what will we as Americans be able to buy with the coinage. A small round of copper and zinc to the rest of the world is still a small round of copper and zinc. I see where you are coming from on this but could you imagine the howling at the bank if you paid off the mortgage with a few rolls of Quarters!
You're either holding Physical Coinage when they Flip the Switch or you won't be... You won't lose either way... I figure the Purchasing Power of four rolls of the U.S. Dollar Coins would be the same as having $10,000 is now... Each Roll of Quarters will be the same as $1,000 is now... What gives the Coinage Value is not the Copper coated Zinc Coins or any other Metal used to make our Coinage... Just like it's not about the Paper that gives the Currency any Value... Prices won't change at the stores with the Old Paper Dollars, but if you're using Coinage, the price will be a hundred times less... In other words, you can buy a can of Soup for either one old paper dollar, or for one Cent... Eventually, all the Old paper dollars will be turned in, never to be used again... A New Paper Currency will be issued and backed by Common Coinage... Thanks for commenting...
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I guess you can't upvote an expired post, but you're still allowed to Reply...
I can reply and you can upvote either mine, yours or both...
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