There is something interesting about coins.
All of our paper currency is based on debt (Treasury bills, notes, and bonds).
Think of this debt as a claim on the future labor of the US taxpayer.
The Federal Reserve controls all of this.
What does the US government control? Coins
The Fed buys coins from the government, but only enough to perform transactions.
Look on the Feds balance sheet. Paper currency is an asset. Coins are an asset. Federal Reserve notes a liability.
The answer to our monetary system is to have the US Treasury issue all of our currency, not based on debt but created to pay for infrastructure and reduced (destroyed) through taxation if the economy gets too hot.
They should stop making all of these claims on the future labor of the coming generations.
bttt
Meant to say:
Look on the Feds balance sheet. Coins are an asset. Federal Reserve notes a liability.