One of my esoteric interests is currency systems. For example I wish the feds would stop handing the currency system over to Visa and MasterCard. This posting by Stan Collender provides a treasure trove of insight into how hard it is to understand the forces at work when you try to shift how a currency system works. And, it finally answers the question: “why do the dollar coins keep failing?”
- Retailers decline to pay the extra cost to shipping costs (i.e. they are heavier).
- The paper manufacture lobbies heavily and generates the usual fog of PR disinformation to undermine their adoption.
- The vending machine industry demanded to be paid to convert their machines.
- etc… it’s a fun read, if your into this kind of thing.