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To: LexBaird
The rounding won’t be a big problem. Consider that about 35 years ago a cent was worth what a nickel is today, after inflation. We don’t need a smaller unit of value today.

I would rather that new currency were issued — the same denominations as today, but worth ten times as much. That would make the cent worth what it was 60 years ago. (This won’t happen any time soon.)

Imagine if the smallest denomination coin was a dime — that’s what a cent was worth 60 years ago. People seemed to get along just fine without a smaller unit of value.

11 posted on 11/16/2007 9:57:22 PM PST by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA
would rather that new currency were issued — the same denominations as today, but worth ten times as much. That would make the cent worth what it was 60 years ago. (This won’t happen any time soon.)

Yeah, it is not generally looked upon as a good idea to devalue your currency.

15 posted on 11/16/2007 10:27:54 PM PST by LexBaird (Behold, thou hast drinken of the Aide of Kool, and are lost unto Men.)
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