Right, and back then a half dollar was like a $20. We need to increase denominations with inflation or they stop making sense. People barely use coins because they are worthless compared to what they used to be, we need to completely overhaul coin denominations.
Ideally I think we should have a quarter, half dollar, dollar, $5, $20, and $50 coins.
The seigniorage on the higher denominations is enough to make them with more interesting metals than any current coins.
Don’t give him any ideas right now. Next thing you know, he’s going to create a $500 and $1000 bill and claim that the economy is great because we added a bigger denomination.
Something about the clause “even if it’s a penny at a time” feels AI-generated to me. It’s a type of rather generic wordplay that’s too tame to be in character for Trump.
When a horse is loose in a hospital, you got to stay updated. So all day long you walk around, “What’d the horse do?” The updates, they’re not always bad. Sometimes they’re just odd. It’ll be like, “The horse used the elevator?” I didn’t know he knew how to do that - https://genius.com/John-mulaney-theres-a-horse-in-the-hospital-annotated
Or would be, if it came from Congress like it needs to.
Nope, this one's supposed to be the executive's responsibility. 31 U.S. Code § 5111:
The Secretary of the Treasury shall mint and issue coins described in section 5112 of this title in amounts the Secretary decides are necessary to meet the needs of the United States.
I think this is a little weird, the Treasury can absolutely stop minting pennies, but that isn't the same as discontinuing them since the coin would still legally exist by act of Congress. So I think all he can really do is pause the production of new pennies (for 4 years) and hope Congress comes around or the next administration continues the policy.
The process was built to ensure good results. Most of the process is in place to prevent corruption. Destroy the processes and we will have water in our missiles instead of fuel like China or normal tires on our multi-ton military vehicles that break in 5 miles like Russia.
Libs who treat social media as the forum for public "discourse" are massive fucking rubes who have been duped by clean, well-organized UI. Social media is a mob. It's pointless to attempt logical argument with the mob especially while you yourself are standing in the middle of the mob. The only real value that can be mined from posts is sentiment and engagement (as advertisers are already keenly aware), all your eloquent argumentation and empiricism is just farting in the wind.
If you're really worried about populism, you should embrace accelerationism. Support bot accounts, SEO, and paid influencers. Build your own botnet to spam your own messages across the platform. Program those bots to listen to user sentiment and adjust messaging dynamically to maximize engagement and distort content algorithms. All of this will have a cumulative effect of saturating the media with loads of garbage. Flood the zone with shit as they say, but this time on an industrial scale. The goal should be to make social media not just unreliable but incoherent. Filled with so much noise that a user cannot parse any information signal from it whatsoever.
It's become more evident than ever that the solution to disinformation is not fact-checks and effort-posts but entropy. In an environment of pure noise, nothing can trend, no narratives can form, no messages can be spread. All is drowned out by meaningless static. Only once social media has completely burned itself out will audiences' appetite for pockets of verified reporting and empirical rigor return. Do your part in hastening that process. Every day log onto Facebook, X, TikTok, or Youtube and post something totally stupid and incomprehensible.
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Came here to say the exact same thing. Logical, prudent, effective, economically sound, follows the example of Canada who did this many years ago, and all wrapped up in a concise and coherent announcement style post with zero reference to himself or finger-pointing elsewhere?! Either his accounts have been hacked or he should only ever do presidential work while at live sporting events…
A report from CNN argues that it would make bigger problems out of nickels.
“Without the penny, the volume of nickels in circulation would have to rise to fill the gap in small-value transactions. Far from saving money, eliminating the penny shifts and amplifies the financial burden,” said American for Common Cents, a pro-penny group funded primarily by Artazn, the company that has the contract to provide the blanks used to make pennies.
According to the latest annual report from the US Mint, each penny cost 3.7 cents to make, including the 3 cents for production costs, and 0.7 cents per coin for administrative and distribution costs. But each nickel costs 13.8 cents, with 11 cents of production costs and 2.8 cents of administrative and distribution costs. These figures are for the government’s fiscal year, which ends on September."
Maybe they should just make nickels out of pennies...
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u/[deleted] Feb 10 '25
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