@[email protected] to [email protected] • 2 months agoStop making cents: US Mint moves forward with plans to kill the pennyapnews.comexternal-linkmessage-square151fedilinkarrow-up1395cross-posted to: [email protected]
arrow-up1395external-linkStop making cents: US Mint moves forward with plans to kill the pennyapnews.com@[email protected] to [email protected] • 2 months agomessage-square151fedilinkcross-posted to: [email protected]
minus-square@[email protected]linkfedilink6•2 months agoSo this is what it’s like to fully embrace the death of the USD?
minus-square@[email protected]linkfedilinkEnglish16•2 months agoWell, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth. Here in Canada we killed our penny years ago. The US used to have a half penny, but it was killed over 100 years ago. Minting such a small amount of change that sees almost no practical use is pointless.
minus-square@[email protected]linkfedilink1•2 months agoRemember when u could buy penny candies? The dollar ain’t worth shit anymore
minus-square@[email protected]linkfedilinkEnglish6•2 months agoHonestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
minus-square@[email protected]linkfedilink1•2 months agoAround 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become
minus-square@[email protected]linkfedilinkEnglish5•2 months agoThis doesn’t have much to do with international use of the dollar.
minus-square@[email protected]linkfedilink1•2 months agoI’m kind of commenting on how bad our inflation has gotten …
So this is what it’s like to fully embrace the death of the USD?
Well, getting rid of the penny was always kinda a good idea. It costs more to make one than it’s actually worth.
Here in Canada we killed our penny years ago.
The US used to have a half penny, but it was killed over 100 years ago.
Minting such a small amount of change that sees almost no practical use is pointless.
Remember when u could buy penny candies? The dollar ain’t worth shit anymore
Honestly, I’d be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.
Around 2006 is when the penny started to cost more to make than it’s worth. It’s only like this because of how weak the USD has become
This doesn’t have much to do with international use of the dollar.
I’m kind of commenting on how bad our inflation has gotten …