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Scrap the Greenback!

It's time to get rid of the dollar bill.

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Correction, March 16, 2007: This piece initially referred to the United States GAO as the General Accounting Office. It has changed its name to the Government Accountability Office. ( Return to the corrected sentence.)

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Christopher Bonanos is an editor at New York magazine and the author of Instant: The Story of Polaroid.

Photographs of new $1 George Washington Coins by Spencer Platt/Getty Images. Photograph of the Sacagawea dollar coin (top), the Susan B. Anthony dollar, and the Eisenhower coin by Ezio Petersen/UPI.