Comments on: Pennies, Not as bad as you think… http://www.juggopop.com/162/pennies-not-as-bad-as-you-think/ a blog about nothing that covers most everything... Fri, 16 May 2008 13:23:44 +0000 http://wordpress.org/?v=2.5.1 By: JuggoPop http://www.juggopop.com/162/pennies-not-as-bad-as-you-think/#comment-128 JuggoPop Fri, 09 May 2008 03:52:12 +0000 http://www.juggopop.com/?p=162#comment-128 I knew you'd respond to this one. :) I think they are just trying to make a fuss about it to try and sway people into getting into a paperless money system. Which if I had a way to do a transaction between me and some guy that wants to bum a buck off of me in front of McDonalds... well then I might be for it. I only use cash to pay for smokes at the gas station. I knew you’d respond to this one. :)

I think they are just trying to make a fuss about it to try and sway people into getting into a paperless money system. Which if I had a way to do a transaction between me and some guy that wants to bum a buck off of me in front of McDonalds… well then I might be for it. I only use cash to pay for smokes at the gas station.

]]> By: jirkstore http://www.juggopop.com/162/pennies-not-as-bad-as-you-think/#comment-127 jirkstore Thu, 08 May 2008 19:59:28 +0000 http://www.juggopop.com/?p=162#comment-127 actually if it costs 4¢ to make a dime then that dime really only worth the net difference after the cost of manufacturing it, that being 6¢. the government actually "loses" money on every coin it mints or bill it inks. like if it costs honda $10,000 to make an Accord and they sell it for $18,000 then it's really worth $8,000 more to them then when they started. now something else we have to consider is that the government controls the amount of money out there but not so much the money's worth. they can realize the some of the cost of manufacturing back after collecting old worn denominations and recycling the metals. even if they took in one dime and made a new one to replace it they'd still be out the 4¢. our taxes cover the cost of making the dime but that's the cost of having a modern society that left the bartering system behind ages ago and our economy flowing freely because of a universal money system more than makes up for the loss. that's my 2¢ . . . or should I say 5.34¢? actually if it costs 4¢ to make a dime then that dime really only worth the net difference after the cost of manufacturing it, that being 6¢. the government actually “loses” money on every coin it mints or bill it inks.
like if it costs honda $10,000 to make an Accord and they sell it for $18,000 then it’s really worth $8,000 more to them then when they started.

now something else we have to consider is that the government controls the amount of money out there but not so much the money’s worth. they can realize the some of the cost of manufacturing back after collecting old worn denominations and recycling the metals. even if they took in one dime and made a new one to replace it they’d still be out the 4¢.

our taxes cover the cost of making the dime but that’s the cost of having a modern society that left the bartering system behind ages ago and our economy flowing freely because of a universal money system more than makes up for the loss.

that’s my 2¢ . . . or should I say 5.34¢?

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