GAO Reports on $1 Coin vs $1 Note

I just read both the 2011 GAO Report on the dollar coin (“US Coins: Replacing the $1 Note With a $1 Coin Would Provide a Financial Benefit to the Government”) and its 2012 followup, “US Coins: Alternative Scenarios Suggest Different Benefits and Losses from Replacing the $1 Note with a $1 Coin.” I’m not going … Continue reading

Main Points in 2005 GAO Report

“Currency Paper Procurement: Additional Analysis Would Help Determine Whether a Second Supplier is Needed” This 2005 GAO report was a follow-up to the one that was done in 1998. It checks up on the BEP’s progress in trying to create competition in the bidding for the US currency paper contract and puts forward more recommendations … Continue reading

Main points in 1998 GAO Report

“Currency Paper Procurement: Meaningful Competition Unlikely Under Current Conditions” Purpose: Congress was “concerned about the lack of competition in the procurement of currency paper, fairness and reasonableness of prices paid, and possibility of disruptions to paper supplies.” It directed the GAO to do an analysis the current system and report back on optimum circumstances for … Continue reading

GAO Report 1998: Who takes care of currency?

From the 1998 GAO report (“Meaningful Competition Unlikely Under Current Conditions”), a nice breakdown of the different institutions involved in the production and security of United States Banknotes. Bureau of Engraving and Printing BEP, a bureau of the Department of the Treasury, buys currency paper from the private sector and prints the nation’s currency at … Continue reading

Antitrust Regulation: Acquisitions & Mergers

The Federal Trade Commision’s Bureau of Competition “is committed to preventing mergers and acquisitions that are likely to reduce competition and lead to higher prices, lower quality goods or services, or less innovation.” Bureau lawyers, along with economists from the FTC’s Bureau of Economics, investigate market dynamics to determine if the proposed merger will harm … Continue reading