Inflation has made our coinage ridiculous. The value expressed by pennies, nickels and dimes is minuscule. They should round all prices to the nearest quarter and make that the smallest coin. They should begin to issue dollar, five dollar and ten dollar coins and make the twenty the smallest bill. No sales taxes should be charged on items until they reach twenty five cents total and there after, rounded off to the nearest quarter. They also should reduce the size of coins and stamp them out of cheap durable steel blanks. Everyone knows that money itself has no intrinsic value. Tarting it up by making it big, shiny and colorful is insulting.
The government will never do this because they would have to admit that our money is nearly worthless and would soon have to increase the denominations of money again when it becomes even more worthless.
What a bunch of morons.
1 comment:
It'll be interesting when people melt down our steel coinage with copper cladding. That's when hyperinflation will be a curse not a theory.
I'm thinking that German bund bonds will be safer since the Germans still recall the hyperinflation they had in the 1920s. The Swiss have sold most of their gold, but the swiss franc is still rising.
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