President Donald Trump says he has directed the Treasury Department to stop minting new pennies, citing the rising cost of producing the one-cent coin.
I’m not sure the cost to make vs value is really the best measurement, within reason. At the end of the day society gets a tool to measure a unit of wealth to easily transfer, and there is value in having that.
That said! Yeah. The US had a half-penny until 1857. I can look at an inflation calculator that only goes back to 1913, and half a penny then was worth 16¢ today. We don’t need the penny anymore.
megacorps can’t nickel and dime us if we have no nickels… or dimes… economy fixed!
can’t give someone your two cents worth if you haven’t got two pennies to give. free speech should obviously cost more than that, anyhow. apparently that price is somewhere between $15 million and $20 billion.
Yeah it’s weird that people just accept what he says that the value is solely in the face value of the currency. If we stick with that method, it’s only a matter of time before trump realizes how much profit he makes by printing a $100 bill.
I’m not sure the cost to make vs value is really the best measurement, within reason. At the end of the day society gets a tool to measure a unit of wealth to easily transfer, and there is value in having that.
That said! Yeah. The US had a half-penny until 1857. I can look at an inflation calculator that only goes back to 1913, and half a penny then was worth 16¢ today. We don’t need the penny anymore.
We don’t need the nickel or dime either.
megacorps can’t nickel and dime us if we have no nickels… or dimes… economy fixed!
can’t give someone your two cents worth if you haven’t got two pennies to give. free speech should obviously cost more than that, anyhow. apparently that price is somewhere between $15 million and $20 billion.
We know that freedom cost a buck o’ five so the nickle may be next on the chopping block.
Yeah it’s weird that people just accept what he says that the value is solely in the face value of the currency. If we stick with that method, it’s only a matter of time before trump realizes how much profit he makes by printing a $100 bill.