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07 June 2008

Comments

Very clever and low-tech idea there. I think you missed something about the corner-cuttings. Leaving the corners on, on the larger bills protects against cheating the blind. A one dollar bill could be made into a hundred dollar bill just by cutting off the corners - not so with the corners on the larger ones.

Your simple solution is of course the best, but your poka-yoke suggestion at the end is not: if the 1 dollar bill keeps all the corners, then anybody can cheat a poor blind - just cut 1 corner and you have a 5, cut 2 corners and you have a 10, 3 corners a 20, 4 corners a 50 ... and what about $100? A good way to get rich by just cutting corners... By the way, in Europe we have different size bills AND vending machines that have no problem accepting them!

The corners part is a neat idea. One potential reason to cut fewer corners off of higher denominations is so that it is more difficult to cheat a blind person. A disreputable person can't make a five into a fifty, for example.

And now you know why you need a team of people to make decisions... a manufacturing guy sees it from one perspective...!

Eliminate all bills except the $1 Bill.

With the amount of blind people we actually have (about 0.8% of the population): why would we want to change 100% of the paper money for less than 1% of the population? I would be more cost effective to provide the blind with simple detection/identification devices.

Cutting corners would help the blind when paying but wouldnt prevent anyone from cheating them if they wanted to use an old full sized dollar bill.

My first thought was what Peden, Tommaso and Mike said.

Re: Julio's suggestion, legislation and taxpayers are unlikely to address the matter of detection devices. Rather, it would become yet another cost of living assumed disproportionately by the disabled. It costs more to be disabled than able bodied, perhaps more significant when juxtaposed with the fact that 90% of disabled people are poverty level. I'm endlessly annoyed that senior citizens get discounts that we all subsidize yet only 10% of seniors are poor. That's 10% of seniors, not 10% of the total poor. If discounts are based on economic need, it's the disabled who should get discounts.

A part of me wonders what the longer term effect would be of disparately sized bills. Could they become like curb cuts? When curb cuts were proposed, taxpayers bellowed about the costs of implementing them. Since then, people trolleying shopping carts, baby carriages and the like couldn't imagine life without them.

As someone who grew up overseas, the size of US paper money always puzzled me. The US was supposed to be more advanced and progressive...

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