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2 Dollar Bill
Message
From
13/06/2008 23:07:21
Dragan Nedeljkovich (Online)
Now officially retired
Zrenjanin, Serbia
 
General information
Forum:
Politics
Category:
Other
Title:
Miscellaneous
Thread ID:
01323544
Message ID:
01324067
Views:
12
>The U.S. is considering getting rid of pennies. For one thing they cost more than a penny to make.

Let's go for the scientific approach: http://www.straightdope.com/columns/080530.html

IOW, it didn't, but do now.

But you don't need any other indication that there's inflation: the value of goods calculated in anything but money. Your prepaid stuff is worth... n pieces, not m dollars. You aren't buying phone services for n dollars - dollars may be worth anything in a week or two, you're buying minutes and your prepaid _minutes_ stay prepaid, no matter how many dollars may they be worth in the end. Likewise, the "forever" postage stamps. Meaning "pay now and pass the money to us right away, and we'll incur the cost of inflation for you".

Just watch for these signs of the times. Once you get your water billing expressed in "you owe us n gallons worth" instead of dollars, that'll be it. I think that back home the city utilities still do it that way - though the inflation is long gone. When Milošević was unelected, they set $1=60 dinars, and a bit below that for 1€. Nowadays it's 1€=82 dinars, and $1=52 dinars. Dinar used to be the most unstable currency in Europe. You see where it's going.

back to same old

the first online autobiography, unfinished by design
What, me reckless? I'm full of recks!
Balkans, eh? Count them.
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