I'm not clear how this isn't kicking the can down the road for awhile, when eventually nickels will be the new pennies? Is there not a better solution? How much do nickels cost to make?
Why? Do you think this would be the solution if humans lived for 200 years on average?
Why haven't we solved roadworks, you fix the roads but then in 2 years it needs to be done all over again.
Plenty, since there are full articles being written about it.
And my friend, your second paragraph is irrelevant. This topic is about the removing coins from circulation, and my point is that they aren't going far enough if the goal is what they say it is.
The alternative here is to not have inflation and I don't see that happening (especially just to avoid phasing out denominations).
Clearly not true, nor am I advocating that.
It's a waste of time because there are stronger, more lasting measures that can be taken to solve this problem. This whole question reduces to the cost of minting coins.
There has to be a name for this sort of "reverse slippery slope" argument, but it isn't coming to me.
Why not do what we can today?
It literally costs MORE THAN A PENNY to make a penny. We would save over $70 million a year just by stopping making pennies.
"Fuck it, let someone else fix it." - I'm sick of this.
"Fuck it, let someone else fix it." seems to be exactly what you're advocating.
You can't let the perfect be the enemy of the good - that just keeps anything from happening.
100% solutions do not exist in the real world.
This is sorta like saying "Why send a man to the moon, when we can't send even send an astronaut to the surface Venus?"
> You can't let the perfect be the enemy of the good - that just keeps anything from happening.
Cool story, but they as well schedule the session to get rid of the nickel now.
> 100% solutions do not exist in the real world.
A little hyperbolic here. This is of course false.
It is much easier to sell getting rid of the nickel after successfully getting rid of the penny.
The real problem with the Euro coins is how badly they're designed. It's basically impossible to quickly tell the difference between 2 and 5, and 20 and 50. Very similar size, exact same color. If we're ditching 1 and 2, we should also make the 20 cent piece bronze or something.
If it's really, really a problem, there are much stronger measures that can be taken, whether that be digital solutions or all paper.
I don't see how your paragraph about differentiation is relevant here.
And then there are other gaffes such as the 2 Euro being physically almost identical to the Turkish 1 Lira.
I don't know why the opportunity wasn't taken to use distinctive shapes and colours.