@[email protected]M to [email protected]English • 7 days agoShould the US get rid of the penny?message-square52fedilinkarrow-up163file-text
arrow-up163message-squareShould the US get rid of the penny?@[email protected]M to [email protected]English • 7 days agomessage-square52fedilinkfile-text
Is it about time, or is it still useful? If you think its time has passed, what about the nickel/dime/quarter?
minus-square@[email protected]linkfedilinkEnglish3•6 days agoThat doesn’t mean we need to mint more. Especially when it costs more than $0.01 to produce a penny. You’re only pointing to why we don’t invalidate the coin.
minus-square@[email protected]linkfedilinkEnglish1•5 days ago You’re only pointing to why we don’t invalidate the coin. Correct. That doesn’t mean we need to mint more. The question wasn’t if we should mint more. It was if we should do away with what we have.
minus-square@[email protected]linkfedilinkEnglish1•4 days agoSure, but functionally stopping the production is the main benefit of the decision. It means banks can’t order more and the usage will naturally wane away. I guess I’m saying there’s a middle ground that doesn’t require invalidating the currency
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That doesn’t mean we need to mint more. Especially when it costs more than $0.01 to produce a penny.
You’re only pointing to why we don’t invalidate the coin.
Correct.
The question wasn’t if we should mint more. It was if we should do away with what we have.
Sure, but functionally stopping the production is the main benefit of the decision. It means banks can’t order more and the usage will naturally wane away.
I guess I’m saying there’s a middle ground that doesn’t require invalidating the currency