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It's a problem because then 20 years from now they just waste time doing the same thing (how long did it take this generation to remove pennies?) Why? Do you t

• Polylactic_acid 6y ago
  How much time was really wasted. Its not like someone spent the last 10 years planning the removal of a coin. You could use this logic to say that literally any government function with a recurring basis is a problem. Why haven't we solved roadworks, you fix the roads but then in 2 years it needs to be done all over again.
  • mpd 6y ago
    > How much time was really wasted. Plenty, since there are full articles being written about it. And my friend, your second paragraph is irrelevant. This topic is about the removing coins from circulation, and my point is that they aren't going far enough if the goal is what they say it is.
• ben-schaaf 6y ago
  How is this a waste of time? Treasuries are constantly phasing out, destroying and minting new coinage. Deciding to not make new coins in a denomination and destroying the ones that come in is pretty much a single switch for them. And of course on the upside you save people tons of time not dealing with smaller coins. The alternative here is to not have inflation and I don't see that happening (especially just to avoid phasing out denominations).
  • mpd 6y ago
    > The alternative here is to not have inflation and I don't see that happening (especially just to avoid phasing out denominations). Clearly not true, nor am I advocating that. It's a waste of time because there are stronger, more lasting measures that can be taken to solve this problem. This whole question reduces to the cost of minting coins.