I see pennies discarded in the streets and sidewalks, even in front of stores. Even kids don't pick them up anymore! Seems it's just not worth the effort.
The half cent was discontinued in 1857, because it was too small. Inflation since 1914 is in excess of 2,000 percent (meaning a dollar back then could buy $2,000 of today's goods, allegedly).
What is a penny worth to us today? More in metal content than purchasing power, yet the government keeps making them (at our expense).
I have written to my senators and congressmen, even to the president. No one cares.
I think it's either time to retire the penny (and even the nickel) or to revalue our currency at a rate at-least 10 to 1.
So, let me get the pulse of HT. Here's a poll; you can make more than one choice. Your comments are most welcome.
The half cent was discontinued in 1857, because it was too small. Inflation since 1914 is in excess of 2,000 percent (meaning a dollar back then could buy $2,000 of today's goods, allegedly).
What is a penny worth to us today? More in metal content than purchasing power, yet the government keeps making them (at our expense).
I have written to my senators and congressmen, even to the president. No one cares.
I think it's either time to retire the penny (and even the nickel) or to revalue our currency at a rate at-least 10 to 1.
So, let me get the pulse of HT. Here's a poll; you can make more than one choice. Your comments are most welcome.
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