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should the US consider a currency redenomination? (self.personalfinance)

submitted 9 months ago by shortwavesurfer to c/[email protected]

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Prices of things are becoming absolutely insane. $800+ rent, $30,000 cars, $10 sub sandwiches, etc. It would be nice to do a 3/1 split and cut everything by 2/3. Then we would have $266 rent, $10,000 cars, and $3.33 sub sandwiches. Wages, debts, everything would drop to 1/3 what they are now. It would also make coins useful again since a vending machine soda would be 2 quarters again.

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[–] [email protected] 1 points 9 months ago

They take up space in my pocket. Bills stack much more nicely than coins.

I think we should eliminate all coins except the quarter, which has value for laundry machines, vending machines, and flipping to decide things. Just round everything to the nearest quarter and I'd probably actually use cash sometimes.