this post was submitted on 22 May 2025
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[–] [email protected] 14 points 1 day ago (2 children)

US slowly working its way to a Japan style monetary system where the fractional unit ceases to be used as the buying power of the main unit dwindles.

Did you know Japan had a coin called 'sen' which was 1/100 of a yen? They aren't made anymore. They'd be near useless if they were because a cup of ramen is ~¥200, or 20000 sen. Although, it would be pretty funny in a show to see some ancient Japanese guy paying for his lunch with his sen collection while some uptight salaryman loses his mind in line behind him.

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[–] [email protected] 12 points 2 days ago

Common cents

[–] [email protected] -2 points 2 days ago (2 children)

So this is what it's like to fully embrace the death of the USD?

[–] [email protected] 4 points 1 day ago (1 children)

This doesn't have much to do with international use of the dollar.

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[–] [email protected] 16 points 1 day ago (2 children)

Well, getting rid of the penny was always kinda a good idea. It costs more to make one than it's actually worth.

Here in Canada we killed our penny years ago.

The US used to have a half penny, but it was killed over 100 years ago.

Minting such a small amount of change that sees almost no practical use is pointless.

[–] [email protected] 6 points 1 day ago (1 children)

Honestly, I'd be fine with killing the nickel too. Just start pricing everything in tenths of a dollar instead of hundredths.

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[–] [email protected] 19 points 2 days ago* (last edited 2 days ago) (2 children)

So is this one of those things where Americans do the common sense thing and agree?

Or is this the another classic case of a few very loud and emotional Americans screaming with passion and zero logic?

Or is it one of those situations where everything seems to go smoothly. And then you figure out that they didn't add the correct rounding regulations, so you'll be paying a little extra on every single transaction the store puts at .96?

[–] [email protected] 11 points 1 day ago

Here in Canada we got rid of the penny years ago.

When paying in cash, we round to the nearest 0.05 but with card payments it's still the exact price.

Also, the amount of money you'd lose by rounding in a cash transaction is pretty minimal.

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[–] [email protected] 23 points 2 days ago* (last edited 2 days ago) (1 children)
[–] [email protected] -3 points 2 days ago (1 children)

Why would you want to get economic analysis from a non-expert/complete amateur?

I promise you there would be significant fallout to this that Grey, who has no economics degrees nor any experience at all in economics, is not going to catch because Grey is only good at the very basic stuff that amatuers like myself can explain competently.

[–] [email protected] 1 points 1 day ago (1 children)

What fallout? Their worth is negative. Other countries and the us have done this when the impact was theoretically higher.

I’ll admit I’m not an economist but this easily passes the smell test without further explanation of the negative.

[–] [email protected] 1 points 1 day ago (1 children)

How is theor worth negative? Are they one time use items?

[–] [email protected] 2 points 1 day ago (1 children)

The (negative) value is created at minting. They are negative value and then just part of the system in circulation. Many aren’t in circulation either, though. They sit in a jar until they go to the bank and then shoved in a vault at the federal reserve.

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[–] [email protected] 16 points 2 days ago (1 children)

It's going to be harder to ask people what they're thinking 🤔

[–] [email protected] 9 points 2 days ago

Got a nickel for your thoughts?

[–] [email protected] 3 points 2 days ago

I heard a rumour that if everyone just gather around politicians and keep throwing pennies at them, the corruption in the government will be gone.

I mean like... dump an entire box of pennies from a skyscraper onto a politican down below FOR SCIENCE 😏

[–] [email protected] 10 points 2 days ago (2 children)

Guarantee Walmart starts pricing things at $xx.96 and milking $0.04 on every transaction.

[–] [email protected] 8 points 2 days ago (1 children)

If they do it they way we did in Canada, that would round down to 95¢ and you’d get a nickel back

[–] [email protected] 7 points 2 days ago (1 children)

That would be great, but… Murica and all that. If they can fuck us without lube, they will.

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[–] [email protected] 12 points 2 days ago

Just have a $1 coin that can snap into 10 pieces like a chocolate bar. And a $100 note that tears into 10 pieces like a book if stamps.

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