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OK - a Sanity check to Steve's rant :-)
That wasn't a rant. A rant turns the sarcasm up to 11. :^)
If the only coinage we had was a $.25 and a $1, life would be simpler and we would do just fine. To save money, it would even pay to issue a $5 coin as well.
Oh boy, are you in trouble. Now you get the full "Plan Steve" for coinage.
Everyone else, before you flame me, it's all Jeff's fault.
The USD today, has about a tenth the buying power it did in 1960.
That gives me an idea:
Have all the cash registers/POS systems, round to one decimal point, instead of two. That facilitates the elimination of the penny, *and* the nickle. iirc, it costs more than 5 cents to make a nickle. You can't make change for a quarter without pennies and nickles, so the quarter has to go too. So, "Plan Steve" for coinage, going forward is the dime we have now, which has the buying power of a penny in 1960, a half dollar coin, about the size of a current nickle (buying power of a 1960 nickle), and a dollar coin, about the size of a quarter/Susan B (buying power of a 1960 dime). The new half and dollar would either be gold, or a two piece coin, like the Canadian $2, so people don't mistake the old nickles and quarters for the new coins.
When people start rioting in the streets over being "cheated" by registers rounding to one decimal point, instead of two, try to explain inflation and how they aren't being cheated any more than when registers rounded to two decimal points in 1960, because that fraction of a cent rounding in 60, represents the same value as rounding a fraction of a dime now. When you give up in exasperation, tell them what my DM at RS said "that's the way it is, shut up" (ok, that's sarcasm, but I guarantee you some people will insist they are being cheated, and they will howl even louder if you try to round to a quarter, instead of to a dime.)
Steve...has actually given this some thought, for some time, but will anyone appreciate it?
