|
|
|
|
|
by InclinedPlane
5554 days ago
|
|
There's a difference between the workability of a currency system using dollar coins and the desirability of dollar coins over paper money by individuals. For the monetary systems you describe there is no alternative to coins. That the systems "do just fine" is irrelevant to the question of whether or not people who use those systems would prefer to use paper "dollars" (or Euros, etc.) if they were available. I'm sure if the US got rid of paper dollars by fiat it would also "do just fine", but whether or not that's a change the public would appreciate is an entirely different matter. |
|
Apparently there's a difference in priorities. Some people prefer an illusion of no inflation with a greenback as strong as ever. Others might prefer making the high velocity currency units durable and easy to handle.