The White House Owes an Apology to Chester A. Arthur [Money]

President Obama set another horrifying legal precedent today, by messing around with that most important of statutory laws: The 2005 Presidential $1 Coin Act, which “requires the U.S. Mint issue new presidential $1 Coins with the likeness of every deceased president.” The White House announced today that the U.S. Mint would no longer make these coins for general use, since it’s a silly vanity project that no one cares about. More »