CGP Grey is a youtuber who made a video years ago about stopping printing the penny. when trump announced ending printing the penny, he made basically the same video about stopping printing the nickel, and the dime.
Due to Inflation.
The same reason that Bernie sanders pushed for a $15/h minimum wage, which should itself be inflated from its 2016 amount to 22 bucks an hour.
While I think both of you are making reasonable arguments, I wanted to make fun of the situation.
Sure, I mean, I’m also all for raising the minimum wage, as it’s wildly stagnated against inflation. You can be for that and for getting rid of the penny?
Idk, I just don’t understand how I’m “moving the goalposts”? Or perhaps I’ve just misunderstood the point of your comment.
I actually have seen that CGP Grey video before though, and it’s only gotten more relevant as time has gone on, lol. It doesn’t make it bad policy just because Trump is the one doing it.
Idk, I just don’t understand how I’m “moving the goalposts”? Or perhaps I’ve just misunderstood the point of your comment.
CGP Grey made the video for “get rid of the penny”. When they got rid of the penny, he made the video “get rid of the nickel, and the dime.” When the original goal as getting rid of the penny, once that was achieved, he moved the goalposts to get rid of the nickel.
Your statement is in line with CGP Grey’s (correct) viewpoint.
Pointing this out in a facetious manner is meant to be humorous.
One dollar in 1950 had far more buying power than one dollar does now. Something that cost a dollar in 1950 would cost nearly $14 in 2026.
The halfpenny, when discontinued, could purchase roughly as much as 12¢ could today.
At that time, it was decided that a halfpenny wasn’t necessary, as transactions were of a high enough value that made tracking the numbers to the half-penny needless, and that you could just round to the nearest penny.
The equivalent today would be rounding to either the nearest dime or quarter, eliminating the need for smaller denomination coins.
Let’s say that, in 1950, you could buy 10 apples for a dollar. Would you agree that, in 1950, 10 apples were “worth” $1? One dollar’s “worth” of apples was 10 apples?
Now, let’s say today I can buy one apple for one dollar. Would you agree that 1 apple was “worth” one dollar? That one dollar’s “worth” of apples was 1 apple?
Now, if we assume that the “buying power” of a dollar is measured in “how many apples a dollar can buy,” that my current dollar is “worth less” than a 1950 dollar, because it purchases me fewer apples? That the two “dollars” have a different “number of apples I can buy” property?
Yes, in each case I’ve purchased a “dollars worth of apples,” but it’s very much meaningful to define how many apples that is, and track how that changes over time.
And if I cancelled the halfpenny because it wasn’t worth having when it could only buy 1 apple, but right now it takes 12 pennies to buy 1 apple, then perhaps I should have gotten rid of the penny a long time ago. And the nickel. And probably the dime.
The dime is currently worth less than the halfpenny was when it stopped being minted because it wasn’t useful to do so anymore.
This is wildly overdue, and honestly, probably not far enough.
Thanks CGP Grey. You keep moving them goalposts.
Just like how the federal minimum wage needs to be over 22 dollars, not just Fif-Teen bucks an hour </bernie>
…what?
CGP Grey is a youtuber who made a video years ago about stopping printing the penny. when trump announced ending printing the penny, he made basically the same video about stopping printing the nickel, and the dime.
Due to Inflation.
The same reason that Bernie sanders pushed for a $15/h minimum wage, which should itself be inflated from its 2016 amount to 22 bucks an hour.
While I think both of you are making reasonable arguments, I wanted to make fun of the situation.
https://www.youtube.com/watch?v=58SrtQNt4YE < kill nickels
https://www.youtube.com/watch?v=y5UT04p5f7U < Kill pennies
Sure, I mean, I’m also all for raising the minimum wage, as it’s wildly stagnated against inflation. You can be for that and for getting rid of the penny?
Idk, I just don’t understand how I’m “moving the goalposts”? Or perhaps I’ve just misunderstood the point of your comment.
I actually have seen that CGP Grey video before though, and it’s only gotten more relevant as time has gone on, lol. It doesn’t make it bad policy just because Trump is the one doing it.
CGP Grey made the video for “get rid of the penny”. When they got rid of the penny, he made the video “get rid of the nickel, and the dime.” When the original goal as getting rid of the penny, once that was achieved, he moved the goalposts to get rid of the nickel.
Your statement is in line with CGP Grey’s (correct) viewpoint.
Pointing this out in a facetious manner is meant to be humorous.
Isn’t a halfpenny worth half a penny so a dime is worth twenty times more?
One dollar in 1950 had far more buying power than one dollar does now. Something that cost a dollar in 1950 would cost nearly $14 in 2026.
The halfpenny, when discontinued, could purchase roughly as much as 12¢ could today.
At that time, it was decided that a halfpenny wasn’t necessary, as transactions were of a high enough value that made tracking the numbers to the half-penny needless, and that you could just round to the nearest penny.
The equivalent today would be rounding to either the nearest dime or quarter, eliminating the need for smaller denomination coins.
But something worth a dollar in 1950 is worth the same as something that’s worth a dollar now in 2025.
Okay, let’s try to break it down for you.
Let’s say that, in 1950, you could buy 10 apples for a dollar. Would you agree that, in 1950, 10 apples were “worth” $1? One dollar’s “worth” of apples was 10 apples?
Now, let’s say today I can buy one apple for one dollar. Would you agree that 1 apple was “worth” one dollar? That one dollar’s “worth” of apples was 1 apple?
Now, if we assume that the “buying power” of a dollar is measured in “how many apples a dollar can buy,” that my current dollar is “worth less” than a 1950 dollar, because it purchases me fewer apples? That the two “dollars” have a different “number of apples I can buy” property?
Yes, in each case I’ve purchased a “dollars worth of apples,” but it’s very much meaningful to define how many apples that is, and track how that changes over time.
And if I cancelled the halfpenny because it wasn’t worth having when it could only buy 1 apple, but right now it takes 12 pennies to buy 1 apple, then perhaps I should have gotten rid of the penny a long time ago. And the nickel. And probably the dime.
I assume testfactor means in economic value / purchasing power.