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DerekWills May 16th, 2017 3:52pm

Many people want to discontinue the penny because it costs more to make than it's worth. I say that this wouldn't be the case if the Federal Reserve hadn't devalued it by 96% since 1913. What say you?

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SpencerGraham Defy the Culture
05/16/17 10:29 pm

Come on, guys! If we get rid of the penny, then prices will go up! If something used to cost, say, $1.27, it will be rounded up to $1.30, and overall will cost us much more. It's a ridiculous issue that doesn't need to be touched.

knetzere Illinois
05/16/17 5:18 pm

Get rid of them because they are annoying. Quarters should be the smallest denomination

sea California
05/16/17 4:35 pm

Inflation is fine with me. I owe a lot of debt (mortgage and car loans) so more inflation is better. And my assets would probably rise along with inflation since I try not to hold too many dollars.

Okie1967 Lets go brandon
05/16/17 4:12 pm

On a side note, the federal reserve admitted to causing the Great Depression. Google Bernanke's statement on the issue.

swervin Maryland
05/16/17 2:39 pm

Kill the penny. We don't use them in bases overseas because they cost too much to import. They charge the exact amount when you pay credit and round up/down when you pay cash. It works and gets rid of that annoying ass coin.

truspec Texas
05/16/17 9:54 am

When the economy grows, people need more money. When the dollar is the reserve currency of the world, there is a need for more dollars

Liberty 4,032,064
05/16/17 9:27 am

It's an irrelevant argument in the first place, as minting currency doesn't produce value or wealth.

DerekWills Lone Star Gun Rights
05/16/17 11:16 am

I'm not saying it does, but being able to fraction the current wealth of the US down to 1% is smart. Hell, we used to have half-cent pieces. Before 1913, inflation was not a huge issue, and the value of the dollar stayed constant with the value of gold and silver.

mfjd1948 rural johnson co iowa
05/16/17 8:54 am

Nonsensical argument.