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Polymer $1 & $2 bills: The solution to $1 bills wearing out too fast?
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<p>[QUOTE="Troodon, post: 779858, member: 4626"]The problem is the Guardian style polymer is proprietary; the US government would have to buy a license to produce them, unless it could come up with a reasonable polymer note on its own (Tyvek's out; it's durable and waterproof but doesn't hold ink very well). The startup expense would cancel out any benefit and I doubt the government would care to have its money supply dependent on technology it doesn't own.</p><p><br /></p><p>Here's a much better solution: Eliminate paper $1's and $2's and replace them with coins instead. It's worked great for Canada and other countries. (How about eliminating the $2 denomination entirely for that matter? It's almost never used anyway.)</p><p><br /></p><p>Doubt I'll see that happen anytime soon either but I think it's a much more reasonable alternative then switching to polymer. Best part is, we already produce $1 coins anyway... not that they're used in circulation much, but if the $1 paper bill was forecefully eliminated entirely people would use them out of necessity. Give them a choice, and they'll almost never use them... so just don't give them the choice. (Not like that'll ever happen... politicians don't want to take the political pressure for something that won't gain them any political capital if they force it through. Well not often anyway...)[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 779858, member: 4626"]The problem is the Guardian style polymer is proprietary; the US government would have to buy a license to produce them, unless it could come up with a reasonable polymer note on its own (Tyvek's out; it's durable and waterproof but doesn't hold ink very well). The startup expense would cancel out any benefit and I doubt the government would care to have its money supply dependent on technology it doesn't own. Here's a much better solution: Eliminate paper $1's and $2's and replace them with coins instead. It's worked great for Canada and other countries. (How about eliminating the $2 denomination entirely for that matter? It's almost never used anyway.) Doubt I'll see that happen anytime soon either but I think it's a much more reasonable alternative then switching to polymer. Best part is, we already produce $1 coins anyway... not that they're used in circulation much, but if the $1 paper bill was forecefully eliminated entirely people would use them out of necessity. Give them a choice, and they'll almost never use them... so just don't give them the choice. (Not like that'll ever happen... politicians don't want to take the political pressure for something that won't gain them any political capital if they force it through. Well not often anyway...)[/QUOTE]
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