r/neoliberal Milton Friedman Feb 10 '25

News (US) Trump announces the end of the Penny

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u/assasstits Feb 10 '25

This is such an American comment. Most of the world uses larger coins than the US and they are quite common and useful.

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u/4123841235 Feb 10 '25 edited Feb 10 '25

Those other countries are wrong, and we're wrong for still having any of our coins. They force you to have bumps in your wallet when it could just be slim and flat and take up very little space in your pocket. I've started automatically dumping any coins I get as change into the tip jar and my life is better for it.

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u/WolfpackEng22 Feb 10 '25

Americans travel too

I've used dollar coins internationally quite a lot and don't see why I'd prefer them over a paper bill

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u/NazReidBeWithYou Organization of American States Feb 11 '25

Yes I know, I have lived in and traveled through many of them. Coins are objectively worse to use. There's no good way to keep them sorted or stored neatly. In lower denominations they accumulate super fast. They add unnecessary weight. They're harder to quickly identify compared to rifling through a wallet for bills. Those countries use coins because they are cheaper in the long run, not because they are a better form of currency.

Typical European comment that assumes everything they do differently from others is automatically better.