The Death of the Dollar Bill?

[Kung Wu]

That reminds me of how I spent soooo many quarters on video games in the 70's and 80's. It was pathetic really.

Speaking of ... 70's ... Carter ... purchasing power of dollar ... 2012 ... Obama ... purchasing power of dollar? It's all so fuzzy.

Funny pun!

[Wu du Nord]

Canada Jettisons Penny!

True story, check it.

[Kung Wu]

Canada Jettisons Penny!

True story, check it.

Interesting. I found this counterargument for dropping the US penny, but it doesn't pass the smell test:

A 2008 New Yorker article lays out the counterarguments that have prevented the penny’s seemingly inevitable extinction. There are objections to rounding, which one economist estimated could cost U.S. consumers as much as $1.5 billion over five years. Also, cutting out the penny may just put more reliance on the nickel—which is even more expensive to produce. In the U.S. loses 1.4¢ on each penny it makes and 6.2¢ on each nickel, according to Coin Update, an industry news source. Plus, plenty of Americans like pennies and their Honest Abe heritage. Those enthusiasts, along with industry lobbies, have rallied to support the coins when there has been movement to kill them.

Original Businessweek Article

How much pressure would there really be on the nickel should the penny fall? In fact, why not drop the nickel while your at it? Okay that might be absurd -- what else would Apple use to pay the Chinese workers? Interesting stuff though.