State representative Denis E. Guyer, D-Dalton, is trying to limit the use of dollar coins in vending machines in the MBTA (Massachusetts Bay Transportation Authority). His district just happens to contain the company who supplies the paper to print dollar bills. His arguments for this are weak, IMO, and there is one small problem with his bill: it runs counter to the federal law passed in 2005 that requires all federally funded transit systems to dispense dollar coins by January 2008.
It's all about a powerful company trying to get their way to keep us spending too much money for our money. You thought ATM fees were bad: think about the constant churn of worn-out dollar bills that this paper company is so happy to assist the government in replacing every 18 months.
Friday, April 04, 2008
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