Fri, 19 May 2006
The EUobserver reports that members of the European Parliament are proposing to print €1 and €2
notes to replace one and two euro coins. They argue that the public
doesn't correctly value the coins, and thus, a switch to notes will curb
inflation as consumers stop throwing the coins around frivolously. Yeah,
that's the cause of inflation. It can't have anything to do with those
responsible for actually printing (or minting) the euros or the banks
that create money out of thin air.
If the EU wants to get rid of their coins, I'll be happy to exchange each
€1 coin for a $1 Federal Reserve Note. Limited Time Offer. While
Supplies Last.
Perhaps the US should eliminate the $1 note and make the $2 note the smallest.
The latter tends to be overvalued by American consumers.
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