In the Chapter You Read That It Costs the U

question 26

Essay

In the chapter you read that it costs the U.S. Treasury's Bureau of Engraving and Printing around 5 ½ cents to print a $1 bill, 10 ½ cents to print a $20 bill, and a bit over 14 cents to print a $100 bill. It seems the Treasury could generate a nice profit for the government by simply printing currency and using this currency to purchase the goods and services the government needs. In fact, this seems to be a way to eliminate the problem of budget deficits for the U.S. government. Comment on this idea.

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Definitions:

Fault Scarp

A step in the landscape caused when fault movement offsets Earth’s surface.

Columnar Joints

Distinctive polygonal shapes formed in volcanic rock due to contraction as it cools, creating pillar-like formations.

Cleavage

The tendency of a mineral to break along flat, even surfaces as determined by the structure of the mineral’s crystal lattice.

Hogback

Any ridge with a sharp summit and one slope inclined approximately parallel to the dip of layers, resembling in outline the back of a hog.