Blog Posts

Further Debasement of Coinage Likely – H.R. 7995

Yesterday the U.S. House of Representatives passed H.R. 7995, initiating a study to be done to determine possible changes to the metal mixture used to mint coins.

https://docs.house.gov/billsthisweek/20201130/BILLS-116hr7995-SUSv1.pdf

Prescribed inflation targets such as the 2% target erodes the value of savings and inclines consumers to spend not versus saving and accumulating capital.  See https://www.investopedia.com/articles/insights/122016/9-common-effects-inflation.asp

Other news about a current coin shortage from American Banker https://www.americanbanker.com/news/coin-shortage-persists-ahead-of-holiday-shopping-rush