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Are pennies worth it? Trump's plan to scrap them didn't come out of nowhere (www.npr.org)

submitted 2 months ago by [email protected] to c/[email protected]

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[–] [email protected] 5 points 2 months ago (1 children)

Yeah! My personal beef is that I feel like I shouldn't have to have any denomination of currency that can't be used by itself to purchase something meaningful.

Like, a quarter can't buy anything on its own anymore. A dollar can't in most cases, so why bother with all this little change?

[–] [email protected] 2 points 2 months ago

We should have revalued the dollar after going off the gold standard to avoid this, but turning $10 into $1 would not be popular for market cap (goodbye, trillion-dollar companies). Oddly enough, the introduction of the Euro didn't seem to cause financial collapse when several countries had to suddenly shift to a new scale.