Contact Us

Thanks To Rising Cotton Prices, Dollar Bills are Now Worth Less Than the Paper They’re Printed On

Our money is printed on paper that’s 75% cotton, 25% linen.  Cotton prices have been skyrocketing globally.  And it’s gotten to the point where the cost of the cotton plus the cost of manufacturing each bill is MORE than $1.

In other words, dollar bills are worth less than the paper they’re printed on.

In response, the U.S. Government Accountability Office just released a study that shows how replacing dollar bills with dollar coins could save the country $5.5 BILLION over the next 30 years.

Not only would it be cheaper to make coins, but they’re more durable than bills so they’d last longer.

The GAO says if the government did commit to dollar coins, the only way to make it work would be to PULL $1 bills from circulation.  Previous studies have shown that as long as dollar bills are around, Americans will reject dollar coins.

They say the process of transitioning from dollar bills to dollar coins would take about four years.

(Time)

More From KOOL 98

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://98kool.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on KOOL 98 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on KOOL 98 quickly by logging in with your Facebook account. It's just as secure, and no password to remember!