Only the federal government could screw up printing money. The BBC is noting that the US keep printing billions of dollars worth of coins that no one wants to use:
In hidden vaults across the country, the US government is building a stockpile of $1 coins. The hoard has topped $1.1bn – imagine a stack of coins reaching almost seven times higher than the International Space Station – and the piles have grown so large the US Federal Reserve is running out of storage space.
And it’s apparently going to continue, “because the law requires the US Mint to issue four new presidential coins each year even if most of the previous year’s coins remain in government vaults.” Brilliant. I would not that this Act passed in 2005, meaning this was Republican brilliance. The only way to get Americans to adopt a coin dollar is to stop producing the Greenback. No politician wants to be on the record as voting for that, so we get idiocy instead.
Personally, if it costs the federal government half a billion, to three-quarters of a billion dollars each year to print replacement greenbacks, I’m in favor of switching to coins. But I suspect many Americans are emotionally attached to the Greenback, and my view is a minority one.