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  #51  
Old 09-28-2011, 03:50 PM
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Originally Posted by stefanj
Kicked out of everywhere else?

Unlike Lurker01, Jonathan is an actual old time rocketeer who actually talks about rockets, but I could really do without the Fox News crankery.

Actually, they're the same person.
Seriously.
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  #52  
Old 09-28-2011, 03:56 PM
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The objection to low denomination coins is a curiously American trait. It makes no sense to produce at taxpayer expense a currency which either holds less value than the overhead to produce, or is unusable within a period of that renders a banknote viable as the currency. Single enumerated coins work perfectly well in most countries where the single unit maintains value. Simply put the number of things whcih can be purchased with a single dollar is irrelevant - roughtly akin to fuel being quoted to a 10th of a penny. Which has always been rounded up.

Having lived through decimalisation in the UK, price points will be altered to match the availability of currency in denominations that drive to the least amount of change. Having lived when there where farthings and when certain confectionery could be purchased for a ha'penny (not a one half penny, but an old school "one a penny two a penny" ha'penny) the elimination of the denominations below a single penny, and indeed the thrupenny bit made perfect sense. In contemporary pricing the dollar coin would make more sense to produce and to use than would paper currency, and provide a more durable currency. For those concerned about the jingling of coins I recall a six pound coin carrier made available with the introduction of the Pound Sterling coin. Silicon rectangle about the size of a credit card which would retain the coins until needed.

Now to find the probic vent!
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  #53  
Old 09-28-2011, 04:39 PM
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Originally Posted by Dannycolossus
Just when I thought the Sontarans were wiped out (anyone else get it?) I can understand to an extent why people try to wage a war without completely destroying an entire population, but trying to be pollitically correct against folks who would strap a bomb on their 5 year old daughter is just rediculous. sorry for ressurecting this post, but I have had it up to here with hearing about how, instead of shooting the bad guys, we try to talk to them, give them money, and then they just use it against us. and it makes no sense why, when we could invest in more usefull items, we build 20 fighter jets, fly 3 and scrap the batch after a few years.


What I don't get is how certain groups of people (mostly liberals, but not exclusively) feel is that all we have to do is "talk" with others and we can "work things out". Reminds me of the president in the movie Independence Day when he talks to the alien. He asks what the aliens want us to do? The response is "die".
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  #54  
Old 09-28-2011, 06:16 PM
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Quote:
Originally Posted by jharding58
The objection to low denomination coins is a curiously American trait. It makes no sense to produce at taxpayer expense a currency which either holds less value than the overhead to produce, or is unusable within a period of that renders a banknote viable as the currency. Single enumerated coins work perfectly well in most countries where the single unit maintains value. Simply put the number of things whcih can be purchased with a single dollar is irrelevant - roughtly akin to fuel being quoted to a 10th of a penny. Which has always been rounded up.

Having lived through decimalisation in the UK, price points will be altered to match the availability of currency in denominations that drive to the least amount of change. Having lived when there where farthings and when certain confectionery could be purchased for a ha'penny (not a one half penny, but an old school "one a penny two a penny" ha'penny) the elimination of the denominations below a single penny, and indeed the thrupenny bit made perfect sense. In contemporary pricing the dollar coin would make more sense to produce and to use than would paper currency, and provide a more durable currency. For those concerned about the jingling of coins I recall a six pound coin carrier made available with the introduction of the Pound Sterling coin. Silicon rectangle about the size of a credit card which would retain the coins until needed.

Now to find the probic vent!
For what it's worth, the US still had mills in pre-WW2 time. According to Wikipedia, they were abondoned by the 1960's for the reasons stated above. I suspect, eventually, the US penny and some time later the nickel will go away as well.

As baby boomers and tail enders give way to gen X'ers and gen Y'ers, peoples' instincts to count out pennies at the McDonald's counter will be gone as well.

That said, I suspect sales tax is the thing keeping pennies - ie, obsolete coins - alive. Things like 8.25% sales tax invariably lead to transaction totals with lots of digits to the right of the decimal point. And we, being a culture of exactness, like the numbers to be precise. That is, we fear getting ripped off by the accumulation of rounded up amounts and thus prefer to keep pennies in circulation where we can be sure we're not leaving any money on the counter no matter how small the amount In fact, some might even like to see the mill come back

Doug

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  #55  
Old 09-28-2011, 07:19 PM
Dannycolossus Dannycolossus is offline
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when the low currency gets dumpef, the inflation gets jacked up in conjunction with the falling economy. if we can find a working currency, one that is backed by gold and not just a glorified IOU, the economy would be on the road to recovery instead of being power-pranged into the ditch
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  #56  
Old 09-28-2011, 08:43 PM
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Quote:
Originally Posted by Doug Sams
As baby boomers and tail enders give way to gen X'ers and gen Y'ers, peoples' instincts to count out pennies at the McDonald's counter will be gone as well.



The difference is more profound than that. When I worked a register in the Stone Age, making change meant counting up to the next dollar from the final price while dropping coins into the customer's hand, then the same with increasingly larger bills up to the the amount he paid me.

Today, the register displays the amount to be returned and the clerk counts up to that amount while pulling coins and bills out of the drawer.


Bill
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  #57  
Old 09-29-2011, 11:57 AM
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Hey Now !
I LIKE POWR-PRANGING things into the DITCH (especially other's rockets with my special "loaner" engines ), just not the US Economy.
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