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Maybe it's corruption, but my guess is it's just never been important enough to push through. Imagine all the work that would go into phasing out coins, both po
by gkoberger 3y ago
Maybe it's corruption, but my guess is it's just never been important enough to push through. Imagine all the work that would go into phasing out coins, both politically and logistically... all for what?
- appleskeptic 3y agoI imagine it would cost less than all the money collectively spent on minting them and buying and maintaining machinery to handle them. Even better if they got rid of the quarter too. But yeah, I can see why no politician has decided to make this their signature issue.
- galangalalgol 3y agoDollar coins got phased in and out a couple times with no seeming issues.
- ghaff 3y agoWell, I think the issue has been people don't mostly like them or use them. I don't know why the US is uniquely(?) in this stasis around the denomination of money in circulation. Of course, at this point, it's pretty academic. Pennies should have been gone decades ago. And it's still hit or miss to use anything above a $20 especially in a smaller store.
- JumpCrisscross 3y ago> people don't mostly like them or use them This is also true of pennies.
- ghaff 3y agoCertainly. Pre-COVID lots of places had little dishes near the register where people could toss one or two pennies in and take one or two out.
- JumpCrisscross 3y ago> Maybe it's corruption It's not corruption. It's what I'll call the interest-group problem. Pennies are an issue a few people care deeply about and most people don't. It's electorally thrifty to accomodate those few, and so electeds do. It's an easy win, particularly in a partisan environment that punishes consensus building as betrayal of one's base. Put another way, keeping the penny won't piss anyone off enough to get one primaried. Killing the penny might.