 happy to draw attention to it. Without requiring any explanation, merely citing the trillion-dollar coin is enough to draw ridicule upon those who rationally support the underpinning possibilities of truly public money supplies.

But not all is lost. Through the trillion-dollar coin, the public has implicitly been exposed to the underpinning fact that there is something structurally different about minting coins, versus printing money. The foreclosed trillion-dollar coin debate can now be exploited to explain and explode an ongoing one-dollar "coin-swap" controversy, transforming the public's vague awareness of some key distinction between coins and notes into a concrete realization of the fundamental difference between United States currency and Federal Reserve currency. This message is heavily underscored by underhand anti-coin activism at the Federal Reserve. Why do you think the 1979 Susan B. Anthony dollar was so similar to a quarter that its production soon had to be halted? An ex-Mint chairman's grouse re more recent "barriers" to distribution is at http://financialservices.house.gov/uploadedfiles/hhrg-112-ba19-wstate-pdiehl-20121129.pdf.

In complete contrast to their perfunctory ridiculing of the trillion-dollar coin concept, the Federal Reserve and the Treasury are so afraid of what the public might learn from the one-dollar coin that for 22 years they have painstakingly mentored a series of 8 GAO reports that grossly understate the financial benefit that would automatically accrue to the government by replacing all one-dollar Federal Reserve notes with one-dollar United States coins. In the GAO reports -- or rather, in regularly attached Treasury and Federal Reserve letters of comments -- what began as a successful strategy of damning the dollar-coin by falsified faint praise, has become falsified direct damning.

In 2012, citing the arbitrary exclusion of seigniorage from CBO budget scores, the seventh GAO coin-swap report (GAO-12-307) contained a section headlined: "Without Counting Seigniorage, Switching To A $1 Coin Would Result In A Net Loss." The word "net" is inappropriate, since it imputes full inclusion. Next time, let the GAO add a section entitled: "Counting All Seigniorage Shows A Net Public Debt Reduction In Excess Of $58 Billion." Make no mistake. The GAO's coin
happy to draw attention to it. Without requiring any explanation, merely reference the trillion - dollar coin is adequate to draw ridicule upon those who rationally confirm the underpinning possibility of truly public money supplies. 

 But not all is lose. Through the trillion - dollar coin, the public has implicitly been exposed to the underpinning fact that there embody something structurally different about minting coin, versus printing money. The foreclosed trillion - dollar coin debate can now be overwork to explain and explode an ongoing one - dollar " coin - swap " controversy, transforming the public's obscure awareness of some key distinction between coins and note into a concrete realization of the fundamental difference between United States currency and Federal Reserve currency. This message is heavy underscored by sneaky anti - coin activism at the Federal Reserve. Why do you think the 1979 Susan B. Anthony dollar was so similar to a quarter that its output soon had to be halted? An ex - Mint chairman's grouse re more recent " barrier " to distribution is at http://financialservices.house.gov/uploadedfiles/hhrg-112-ba19-wstate-pdiehl-20121129.pdf. 

 In complete contrast to their perfunctory ridiculing of the trillion - dollar coin concept, the Federal Reserve and the Treasury are so afraid of what the public might learn from the one - dollar coin that for 22 years they have painstakingly mentored a series of 8 GAO reports that grossly understate the fiscal benefit that would mechanically accrue to the government by replacing all one - dollar Federal Reserve notes with one - dollar United States coin. In the GAO report -- or rather, in regularly attached Treasury and Federal Reserve letters of comments -- what began as a successful strategy of damning the dollar - coin by falsified dim praise, has become falsified direct damning. 

 In 2012, citing the arbitrary exclusion of seigniorage from CBO budget scores, the seventh GAO coin - swap report (GAO-12 - 307) contained a section headlined: " Without Counting Seigniorage, Switching To A $ 1 Coin Would Result In A Net Loss. " The discussion " final " is inappropriate, since it impute full inclusion. Next time, lease the GAO add a section entitled: " consider All Seigniorage prove A Net Public Debt Reduction In Excess Of $ 58 Billion. " Make no error. The GAO's coin
 haopy to draw attention to it. Without reqoieing aiy explznation, oerely citing the trillion-doplqr coun is enough to draw rkdicule uion those who eationally support the uhferpnniing possibilitles of trulf public money sjp'lies.

But not all is lost. Through the trillipn-follar coin, thg pubkyc hzs implicitly been exposed to the hnderpiining fact that there is something structkralpy different about minting couns, dwrsus printivg money. The forecloses trillion-dollar coin debate cav now be exploijze tl explain anv expljde an ongoikb one-dmllar "cpin-swap" controyersy, trqnsforming the public'v vague awareness jf some kay distinction betwweb coits atd nures inuo e ckncretf rxalization kf the fundqmental difference neeqeen United Sfates suwrency and Federal Reserve currency. Thiv msssage is heavily underwcored by underhand ajti-coin astivism at the Federal Reserve. Why do you think tve 1979 Snsxn Y. Anthuby dollar was so similar to a quarter that its [docubtion soon had to be halted? Sn ec-Iint chairman'r grouse de more recent "bargiers" tj disrribution is st http://financialservices.houwe.gov/uploadebfioes/hhrg-112-ba19-wstate-pdizhl-20121129.pdf.

In com'lete vontrsst to their perfunctorv rididuling of tje trillikv-dollar coin conzepn, tha Federal Reserve and the Ereasury ere sp afraia of what ehe public mighb learn from the onf-dollcr cohn that fog 22 years they have painstakinglb mentored a xesiev of 8 GAJ repprts that grofsly understatg the fincncial benefit tgat wound automatisally accrue dl the governkent by weplqcint all ovd-dollar Federak Reserve notes wity one-dollar United Stxfes coins. In thz TAO reports -- or raghew, pn cegulwsly attached Trexsufu and Federal Rewdrve letters of comments -- whzt began as a succrsfful strqtegy of damning the collar-coin by falslfied famnt prsisg, has become falsified direct dzmning.

In 2012, cibing the arbierarn exslusion of seigniorage from CBO budget scores, the seventh GAO coin-sqap report (GAO-12-307) contciked a sectioi headjined: "Witvout Counting Seigniirage, Switching Tp A $1 Coin Would Resulf In A Net Poss." The word "net" is inappropriate, since it imputes full inclusion. Next tume, lev ehe GAO add a srctiot zntntled: "Cjuntmnj All Seigniorage Shows A Net Public Debt Reductmon In Excasf Of $58 Billion." Make no mistakr. Ghe GAO's coin
happy to draw attention to it. Without explanation, citing the coin is enough who support the underpinning of truly public supplies. But not all is lost. the trillion-dollar coin, the public has implicitly been exposed to the underpinning fact there is something structurally different about minting coins, versus printing money. The foreclosed coin can be to explain and explode an ongoing one-dollar "coin-swap" controversy, transforming the public's vague awareness of some distinction between coins and notes into a concrete of the fundamental difference United States currency and Federal currency. message is underscored underhand activism at the Reserve. Why do you think the 1979 Susan B. Anthony dollar was so similar to a quarter its production to be An chairman's re more recent distribution is at http://financialservices.house.gov/uploadedfiles/hhrg-112-ba19-wstate-pdiehl-20121129.pdf. In complete perfunctory ridiculing of the trillion-dollar coin concept, the Reserve and Treasury are so afraid of what public might learn from the one-dollar coin that 22 years they have painstakingly mentored a series of 8 GAO reports that grossly understate benefit that would automatically to the government replacing one-dollar Reserve with one-dollar States coins. In the GAO reports -- or rather, in regularly Treasury and Federal Reserve letters of comments -- what began successful of damning the by falsified faint praise, become direct damning. In 2012, arbitrary of budget the GAO coin-swap report (GAO-12-307) a section headlined: "Without Counting Switching To A $1 Net Loss." The word "net" is inappropriate, since imputes full inclusion. Next time, let the add a section entitled: "Counting All Seigniorage Shows A Net Public Debt In Excess Billion." Make no mistake. The GAO's coin
 happy to draw attention to it. WIthout requIring Any ExpLaNatiOn, meRely citing the tRIlliOn-dollar coin is enough to Draw rIdICule UPoN thosE who ratIOnALLy sUpPoRt tHe UNdErpinNinG possibIlities of tRulY pUblic money suPPlIes.

But not aLl iS lost. Through The TrilliOn-DolLAr coiN, thE publIc has iMPlicitLy been expOsED to the UNderpinNINg Fact That there is somethINg STructurally difFerent AbOUt MINtiNg cOins, versus PrIntinG Money. ThE FoRECLosED trillion-dollAr coin debatE Can Now be eXpLoiTEd to exPlain AnD ExpLode an ongoiNg onE-dollar "coIn-swap" COntroveRSy, transForminG thE puBlic'S VaGuE awArENesS Of SomE Key DistinctIoN bEtweeN coiNS AND notEs iNto a ConcrEte realizatioN of The fUNdaMentaL diffErenCe BetweEn UnitEd StaTeS currency and FedEral reserve cuRreNcY. ThIs MessaGE is heaVilY unDerscorEd by undERhaNd ANTI-cOin activism at the FeDeRAL REserve. WhY do you THiNk THe 1979 Susan B. anThoNy doLLAr was So siMIlAr to a quaRter thAT iTs ProductIoN soon hAd To bE haLted? AN Ex-MiNt chaiRman's groUse re MOre recent "barriERs" to distributIOn IS At HTtp://fInaNcialservicEs.hoUSe.goV/uplOAdEdfILes/hhRg-112-ba19-wStATe-PDiehl-20121129.pdf.

In complete cOnTrast tO theiR perfunctory rIdiculing oF THE trillioN-dolLAr COin concept, the FEderaL Reserve anD The TreasUry arE so afraiD of what thE PUblic migHt lEarN frOm tHE OnE-dollar coin thAT For 22 yEaRs they hAve PainstaKinGly MenTorEd A series of 8 gAO reporTs ThAt GrOssLy undERstate thE fInaNcIal BenefIT that wOuld aUtomAtIcALly Accrue tO ThE GOverNmEnT by rEplAcIng alL one-DOllAr FederAl Reserve NotES witH oNe-Dollar UNited States coInS. In the GAO rEpOrtS -- or ratHER, in regulArly attached Treasury and fEderal REseRve leTterS of commenTs -- wHat begAn aS A succeSsful sTrateGy Of dAMNing tHE DoLlaR-cOin by falsiFIEd fAint pRaIse, hAs becomE falsified direct daMNinG.

In 2012, citing the aRbiTrarY EXcLusIOn OF seIgNIorAGE from CBO budget sCores, the seVeNTh gAO coin-swaP RepOrT (GAO-12-307) conTained a SectiON headliNed: "WithouT Counting seIgniORAge, switching TO A $1 Coin WoUld Result iN A Net lOsS." The wOrd "Net" is iNaPprOpriaTe, sincE It iMputeS full iNcLusion. next tImE, let the GaO add a section entitled: "CoUnting all SeIgnIorage ShoWs A nEt PUblic Debt reduCtion In ExcEss of $58 BIllioN." MaKE no miStakE. thE GAo'S coin
 happy to draw attention t o it. With out r equ iri ng  any  exp lanation, mere l y ci ting the trillion-doll ar co in is e n ou gh to  draw r i di c u leup on  th os e  w ho ra tio nally s upport the  un de rpinning pos s ib ilities of  tr uly public m one y supp li es. 
Butnot  allis los t . Thro ugh the t ri l lion-d o llar co i n ,thepublic has implic i tl y  been exposedto the  u n de r p inn ing  fact that  t herei s somet h in g s tru c turally diffe rent aboutm int ing co in s,v ersusprint in g  mo ney. The fo recl osed tril lion-d o llar co i n debat e cannow  be  exp l oi te d t oe xpl a in  an d  ex plode an  o ng oingone- d o l l ar " coi n-sw ap" c ontroversy, t ran sfor m ing  thepubli c'sva gue a warene ss of  s ome key distinc tion  betweencoi ns  an dnotes into a  co ncr ete rea lizatio n  of  t h e fu ndamental differen ce b et ween Uni ted St a te sc urrencyan d F eder a l  Rese rvec ur rency. T his me s sa ge  is hea vi ly und er sco red  by u n derh and an ti-coinactiv i sm at the Fede r al Reserve. W h yd o  y o u th ink  the 1979 S usan B. A ntho n ydol l ar wa s sosi m il a r to a quarter that  i ts pro ducti on soon had t o be halte d ? An ex-Mi nt c h ai r man's grouse r e mor e recent " b arriers"  to d istribut ion is at h ttp://fi nan cia lse rvi c e s. house.gov/upl o a dedf il es/hhrg -11 2-ba19- wst ate -pd ieh l- 20121129. pdf.

In  c om pl et e c ontra s t to the ir  pe rf unc toryr idicul ing o f th etr i lli on-doll a rc o in c on ce pt,the  F edera l Re s erv e and t he Treasu rya re s oaf raid of  what the pub li c might le ar n f rom th e one-doll ar coin that for 22 yea r s theyhav e pai nsta kingly me nto red aser i es of8 GAOrepor ts  th a t  gros s l yund er state thef i nan cialbe nefi t thatwould automaticall y  ac crue to the g ove rnme n t  b y r e pl a cin ga llo n e-dollar Federa l Reserveno t es  with one- d oll ar  United  States  coin s . In th e GAO rep orts -- o rrath e r , i n regularl y attach ed Treasu r y and Fe deral  Re servele tte rs of  comme n ts-- wh at beg an  as asucce ss ful stra tegy of damning the dol lar-co in by  fa lsified f ain t  pr aise, has  bec ome falsif ied  di rectdam n ing.
In2 01 2,c iting  the arbitrary ex clu s i on  of seignio r a g e f rom C BOb udgetscor es, the seventh G A O coin-swap re port ( GAO -12 - 307)  c ontained a sec tio nh e adlined:  " Without Cou nting Se ig n iorag e, Swi tching  To A $ 1 Co i n Woul d Re sul t In A Ne t L os s ." Thewo rd "net"is i na ppropr iate,s ince i t imputes full i nclus i o n. Ne x t t ime,le t the G A O ad d a sectio n entitled:  "Coun ting  AllSeignio ra ge Sho wsANet Public Debt Redu ction  In Exc es s Of  $5 8 Bill ion. " Makeno m is tak e. The GA O ' sc oi n
 happy_to draw_attention to it. Without_requiring any_explanation,_merely citing_the_trillion-dollar coin is_enough to draw_ridicule upon those who_rationally support the_underpinning_possibilities of truly public money supplies.

But not all is lost. Through the trillion-dollar coin,_the_public has_implicitly_been_exposed to the underpinning fact_that there is something structurally_different about_minting coins, versus printing money. The foreclosed trillion-dollar_coin_debate can now_be exploited to explain and explode an ongoing one-dollar_"coin-swap" controversy, transforming the public's vague_awareness of some_key_distinction_between coins and notes_into a concrete realization of the_fundamental difference between United States currency_and Federal Reserve currency. This message is_heavily underscored by underhand anti-coin activism_at the Federal Reserve. Why_do you_think the 1979 Susan B._Anthony dollar was_so similar_to a quarter_that its production soon had to_be halted? An_ex-Mint chairman's grouse re more recent_"barriers"_to distribution is_at_http://financialservices.house.gov/uploadedfiles/hhrg-112-ba19-wstate-pdiehl-20121129.pdf.

In_complete contrast_to their perfunctory_ridiculing_of the_trillion-dollar_coin concept, the Federal Reserve and_the_Treasury are so afraid of what the_public might learn from_the_one-dollar coin that for_22 years they have painstakingly_mentored a series of 8 GAO_reports that_grossly understate_the financial benefit that would automatically accrue to the government by_replacing all one-dollar Federal Reserve notes_with one-dollar United States_coins. In_the_GAO reports --_or_rather, in_regularly attached Treasury and Federal Reserve letters_of comments_-- what began as a successful_strategy of damning the_dollar-coin_by falsified faint praise, has become_falsified direct damning.

In 2012, citing the_arbitrary exclusion of seigniorage from_CBO_budget_scores, the seventh GAO coin-swap_report (GAO-12-307) contained a section headlined:_"Without Counting Seigniorage,_Switching To A $1 Coin Would Result_In_A Net Loss." The word "net"_is_inappropriate, since it imputes full inclusion._Next_time,_let the GAO add a_section entitled: "Counting All Seigniorage Shows_A Net Public Debt Reduction In Excess Of $58_Billion." Make no_mistake. The GAO's coin