QUOTE(Dockwalliper @ Jan 5 2007, 06:40 PM) [snapback]291730[/snapback]
Recently a federal judge ordered the BEP to come up with new a system that helps blind people distinguish between different denominations. The number one solution, elimination of the one dollar bill. Dollar bills account for 47% of the paper money transactions thus replacing bills with coins would solve 47% of the problem. They could then work on the other 53%.
There are a number of fallacies at work there.
First, the fact that blind people needing help in distinguishing one note from another is "a problem" needing to be addressed by a federal judge is dubious on its face. Ray Charles used to insist on being paid in one dollar bills because he found that counting singles was the easiest method of handling notes he couldn't see. Braille impressions on the current roster of US notes being printed would be the simple solution to the "problem". Elimination of the $1 note would solve nothing at huge expense to the cash handling public.
Second, there is a reason that one dollar FRNs account for 47% of the notes in circulation: They are the most popular method of making change of even dollar amounts in cash transactions and are in daily demand by merchants who accept cash. Coins made of base metal are more likely candidates for elimination. The one cent coin will be eliminated before the $1 note, I'll be willing to bet.
Third, the one dollar coins fails repeatedly at being accepted by the cash using public. American consumers and merchants are opposed to one dollar coins and have been ever since the one dollar note was introduced. The obvious fact that proponents of the elimination of the $1 note have to keep coming up with angles for forcing their issue should show them that their plan is a non-starter with most participants in the everyday cash economy.
The conclusion you presented assumes that everyone wants a one dollar coin and that the benefits of its use are obvious. That clearly isn't the case Maybe when inflation reaches the point where a one dollar note has assumed the current value in trade of the one cent coin, it will make sense to eliminate it. Currently, it's an indispensable note for use in cash transactions.
Anyway, the order you cited from some federal judge to the bureau was to make notes distinguishable to blind people, not to eliminate the one dollar note. How you decided that elimination of the $1 note would solve the problem still isn't clear.