http://www.thelibertypapers.org/2011/07/20/government-shows-a-loss-while-selling-money/ Life. Liberty. Property. Defending individual freedom and liberty, one post at a time. Fri, 17 May 2013 18:49:12 +0000 hourly 1 http://wordpress.org/?v=3.5.1 http://www.thelibertypapers.org/2011/07/20/government-shows-a-loss-while-selling-money/#comment-77849 Allan Pratt Thu, 21 Jul 2011 16:33:18 +0000 http://www.thelibertypapers.org/?p=9504#comment-77849 It’s even worse. The credit card people, and various intermediary firms, get a slice of the customer’s $1000, so the treasury is collecting less than the face value of the coins.

]]> http://www.thelibertypapers.org/2011/07/20/government-shows-a-loss-while-selling-money/#comment-77839 Will Thu, 21 Jul 2011 03:26:35 +0000 http://www.thelibertypapers.org/?p=9504#comment-77839 Sorry, 26 cents may only be material costs.I have not found a clear total with overhead. They were having trouble selling all the dollar coins that Congress ordered them to mint.

]]> http://www.thelibertypapers.org/2011/07/20/government-shows-a-loss-while-selling-money/#comment-77834 Will Thu, 21 Jul 2011 03:12:51 +0000 http://www.thelibertypapers.org/?p=9504#comment-77834 Treasury Minting costs per dollar approx. 26 cents: Retail fees for reward cards 3.5 cents.
Debt monetized by minting, approx. 70 cents per dollar less shipping.
If they can sell all of them, and they might if word gets around. Storing them is the Federal Reserves problem.

]]> http://www.thelibertypapers.org/2011/07/20/government-shows-a-loss-while-selling-money/#comment-77817 tkc Wed, 20 Jul 2011 18:44:27 +0000 http://www.thelibertypapers.org/?p=9504#comment-77817 I suggest Megan McArdle add this to her list of reasons why the government is too big to fail.

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