[ExI] Not worth a cent
dan_ust at yahoo.com
Mon Jul 12 17:18:05 UTC 2010
Alternatively, it could be viewed as it's time to get the government out of the
minting business if not completely out of the money business.
From: John Clark <jonkc at bellsouth.net>
To: ExI chat list <extropy-chat at lists.extropy.org>
Sent: Mon, July 12, 2010 12:23:05 PM
Subject: [ExI] Not worth a cent
On Jul 12, 2010, at 11:26 AM, Damien Broderick wrote:
>United Statesians informally retain "penny" for "cent."
And you know there must be something fundamentally wrong with a government that
can't make money even when they quite literally own the mint. As of 2006 it cost
the government 1.75 cents to make each one cent coin and 7 cents to make each 5
cent nickel coin.
There is a good way to know when it's time to stop making a coin, if you place
one on the sidewalk in a busy city and nobody bothers to pick it up then stop
John K Clark
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