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[–] 17 points 1 year ago (3 children)

Good, while we're at it we should redecimalize. A coin that can't pay for a significant portion of something is worthless. People used to buy snacks with coins, and like, thats where they thrive. Coins are more expensive than bills but they can change hands a lot more times. A dime for a soda or a cheap snack, maybe a nickel if it's a good deal on a bag of chips is about right.

Like, this isn't even a monetary policy failure, it's just something that should happen every century or two in an inflationary economy with a 5% target.

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  • [–] 4 points 1 year ago (2 children)

    The rule should be "if you pay with it at a restaurant it should be a coin" because it represents a daily use rather than weekly or monthly and much higher levels of wear and tear.

    If not for credit cards we'd probably need $10 coins.

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