National coin shortage getting worse
Gesara.news » News » National coin shortage getting worseNews Date: August 2, 2020
The nation's coin shortage, prompted by less cash circulating as a result of Covid-19 - is getting worse.
And believe it or not, cash is still being used in 49% of payments that are $10 or below, according to a recent study by the Federal Reserve Bank of San Francisco.
The irony of the situation lies in the fact that the Fed can print trillions for bonds, but can't come up with a couple of quarters to do its laundry.
Trump says that if reelected, he'll pursue permanent cut to payroll taxes that fund Social Security, Medicare.
Sources:https://www.washingtonpost.com/, twitter.com, www.youtube.com
Created by N.C. on October 07, 2020
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