By Mira Korber, guest blogger. Do you have a coin jar? I do. It
is home to my quarters for NYC parking meters. Now, imagine if
the dollar bill didn’t exist, but a dollar coin did. Coin jars
would probably hold more than just quarters. Why? The “coin jar
effect.” But before we talk about that, let’s look at the
background story. 1. Sens. Tom Harkin (D) 0f Iowa, and John
McCain (R) of Arizona are leading the charge to vanquish paper
dollar bills from existence. Calling coins the more cost-
effective (and vending machine friendly) option, they have
proposed a bill eliminating paper bills in the one dollar
denomination. Worth noting: Harkin and McCain both hail from
states that would profit from producing coins instead of bills.
2. Douglas Crane and “Americans for George” oppose the coin
groupies, and say that paper dollars are better. Also worth
noting: Mr. Crane gives the behemoth paper company “Crane and
Co.” its name. Said company produces the paper on which dollar
bills are printed. Here’s the funny part: bot