The Government Has No Plan for America’s 300 Billion Pennies
Postedabout 2 months agoActiveabout 2 months ago
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CurrencyEconomicsGovernment Policy
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Currency
Economics
Government Policy
The article discusses the large number of pennies in circulation and the lack of a government plan to manage them, sparking a discussion on the relevance and future of physical currency.
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Nov 16, 2025 at 2:20 PM EST
about 2 months ago
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Nov 16, 2025 at 9:55 PM EST
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Nov 17, 2025 at 4:39 PM EST
about 2 months ago
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ID: 45947633Type: storyLast synced: 11/20/2025, 9:01:20 PM
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In Australia we got rid of our 1c and 2c coins more than 20 years ago.
Their disappearance was a damn nuisance for some. We used to drill a small hole in the centre of them and solder them onto semiconductor diode leads as heatsinks. At 1 and 2 cents each they were much cheaper than their commercial counterparts. Unlike their US counterpart both Oz coins were solid copper.
I've already seen a lighter version of this level of madness when G. W. Bush was re-elected, but at the time I was quite young and more permeable to the concerted propaganda. This time around is just funny, to say the truth.
I miss the time when media could at least try to keep up with the appearance of some neutrality.
When the European Central Bank announced a new design for the euro bills nobody in my country really cared anymore because most payments are electronic. The danger to that ofcourse is that you risk overspending but retailers approve.
Favors, trust, and reputation cannot be taxed.
Reporters et al always want 'a plan,' which is ironic because they have problems planning more than a week in advance.
The last-ever penny will be minted today in Philadelphia
https://news.ycombinator.com/item?id=45901904
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