In addition to being a first-world problem, it's also a geezer problem. As
a geezer, I'm allowed to say that. My kids never use money.
Everything's debit card, every purchase. I'm the old guy with the
five dollar bill and the pocked jangling with change.
Spain had dollar coins 30 years ago. They are great, and save the country money
since they last decades in stead of 1 year like paper.I already get
our 1 dollar coins from vending machines. I like them. In Spain everybody just
had a little leather pocket pouch for coins. Coins worked for thousands of years
- we can go back to it.
The coins will prevail. The economics of coins versus bills alone will sort that
out. I, too, am a dual citizen who not only survives but appreciates the
canadian loonie and twonie. And the larger deonomination canadian bills are all
now or soon will be polymer instead of paper, lasting much longer. In any event,
I hardly ever return from canada with change because debit is so ubiquitous.
Here, too, cash of any kind will become less prominent as time goes on.
A dollar is now wortyh less than a quarter was, when I was a kid. We managed
then and we will now. And, definately, get rid of pennies.
Canadians just quit making the dollar bills. $1 and $2 coins are the way to go.
Make the change and don't print any more ones. Come on congress...do it!
This is a simple example of how we resist any change that might reduce the cost
of government. According to previous articles, it would save billions. Is
this not exactly what we want our Washington government to do? As E. Dirksen
was credited with saying, "a billion here and a billion there and pretty
soon you're talking about real money."
This definitely falls in the category of "first world problems" as
discussed in Doug Robinson's column today. "My steady job
is so boring.""Botox or laser -- which is right for me?""There are so many channels -- how am I supposed to find anything?"
I completely disagree. My wife's family is Canadian, and their $1 and
$2 coins are fantastic.We travel there frequently.They outlast a
printed bill by miles, saving us lots of money in production.They
aren't huge---not a lot bigger than a quarter, and smaller than the old
Kennedy half dollar.Perhaps the better idea is to stop producing pennies,
and round off all pricing to the nearest nickel.Paper bills, especially
ones, get worn out quickly and are getting to be impractical to print.
All those coins jangling around in my pocket would make it hard to run. If I
ever fall in a deep puddle, they'd pull me down and drown me. The noise
they make would mean it would be difficult to sneak up on someone. Lots of down
sides to them.In the few experiences I've had with them so far,
EVERY time I've tried to use one, the store clerk has mistaken them for
quarters.But in the end, I guess they'll be like almost every
other change (sorry about that pun) in our lives. We'll get used to them
if we must.