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Why does the 'US MINT' need to make a profit?
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<p>[QUOTE="V. Kurt Bellman, post: 2297702, member: 71723"]Ahh, I see. At any rate, the ratio of sizes between the U.S. economy and that of any other nation using the dollar, along with the fact that such a choice is obviously for reasons other than sovereign debt issuance or creditworthiness (e.g. both Zimbabwe and Bermuda), makes the issue largely moot. (Zimbabwe uses it because, well, it's the only thing they had any of remaining that anyone wanted, and Bermuda for tourism convenience combined with geographic proximity. Can't swing a dead cat without hitting a U.S. originating airplane or cruise ship.)</p><p><br /></p><p>In the U.S., we are all somewhat painfully aware that some of our 50 states are net providers to the nation's finances and some are net recipients of its largesse. It is something we (usually, but less so lately) tolerate, mostly out of lonnnng tradition. I can see why the situation of e.g. Greece compared to Germany might be more of an irritant.[/QUOTE]</p><p><br /></p>
[QUOTE="V. Kurt Bellman, post: 2297702, member: 71723"]Ahh, I see. At any rate, the ratio of sizes between the U.S. economy and that of any other nation using the dollar, along with the fact that such a choice is obviously for reasons other than sovereign debt issuance or creditworthiness (e.g. both Zimbabwe and Bermuda), makes the issue largely moot. (Zimbabwe uses it because, well, it's the only thing they had any of remaining that anyone wanted, and Bermuda for tourism convenience combined with geographic proximity. Can't swing a dead cat without hitting a U.S. originating airplane or cruise ship.) In the U.S., we are all somewhat painfully aware that some of our 50 states are net providers to the nation's finances and some are net recipients of its largesse. It is something we (usually, but less so lately) tolerate, mostly out of lonnnng tradition. I can see why the situation of e.g. Greece compared to Germany might be more of an irritant.[/QUOTE]
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