Originally Posted by
tjbrooks
You two haven't listened to the latest podcast have you? The latest GAO report/analysis says that there is no longer a cost advantage in a dollar transition. Bill lifetime has gone up, coin materials and energy costs are now higher.
OK, I bit the bullet and listened to it. Parts of it made me want to laugh,
parts made me want to cry,
and other parts just made me mad.
I don't know what they were alluding to claiming there's a GAO report saying there's no cost advantage. I did a search and all I found was:
U.S. Coins: Replacing the $1 Note with a $1 Coin Would Provide a Financial Benefit to the Government
http://www.gao.gov/products/GAO-11-281
from
March 2011.
Hardly seems to support their assertions. Guess I should have expected that.
Interesting to note they said, "Caitlan our producer got a very very angry email." Wonder if that was the one from MM?
And Jane Liaw (are you lurking here?
) wasn't the only "whistle blower". They have other "big mouths" on the air willing to brag about their exploits.