3 ms·
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 des
by 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.