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Powderhorn@beehaw.org

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

submitted 1 year ago by Powderhorn@beehaw.org to c/usnews@beehaw.org

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[–] Powderhorn@beehaw.org 2 points 11 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.