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VENTING - 25th ASE set,
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<p>[QUOTE="fatima, post: 1291843, member: 22143"]The mint is not a company and thus by definition, it is not a corporate monopoly. In order to understand what the Mint you will have to go back to the US Constitution. Specifically Article 1, Section 8 states: (among other things) Thus, only the US Congress has the power to issue coinage for the United States. In order to facilitate this, Congress created the US Mint in 1792. </p><p><br /></p><p>So this isn't a matter of capitalism. (which doesn't exist now in the USA anyway, but different topic) It's a Constitutional issue. For this to be changed the Constitution would have to be amended and this isn't likely. Could the Congress privatize the Mint's operations? Possibly, but I don't see this ever happening. It would burn a lot of political capital to get it done and I don't see anyone willing to sign up for it.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1291843, member: 22143"]The mint is not a company and thus by definition, it is not a corporate monopoly. In order to understand what the Mint you will have to go back to the US Constitution. Specifically Article 1, Section 8 states: (among other things) Thus, only the US Congress has the power to issue coinage for the United States. In order to facilitate this, Congress created the US Mint in 1792. So this isn't a matter of capitalism. (which doesn't exist now in the USA anyway, but different topic) It's a Constitutional issue. For this to be changed the Constitution would have to be amended and this isn't likely. Could the Congress privatize the Mint's operations? Possibly, but I don't see this ever happening. It would burn a lot of political capital to get it done and I don't see anyone willing to sign up for it.[/QUOTE]
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