Make the last digit on all the currency 1/2 scale and re-coin and re-print the stuff in the following manner:
penny - eliminate it
nickel - eliminate it
dime - make it the same color and size as (maybe a bit smaller than) the penny and emboss the value : 1o (zero half the height as the one)
quarter- eliminate it
Fifty cent piece - make it slightly smaller than the nickel and the value would be struck 5o (again with the zero half scale)
Dollar- Make a dollar coin slightly smaller than todays dime with the value shown as 10o cents
Make a new $2.5o coin minted slightly smaller than the quarter
I guess make a $5.0o coin to look like the fifty cent piece but again slightly smaller than the Kennedy so you could distinguish it easily from the old ones still being used as big "nickels", but since the original .50 cent piece never really got used much maybe just skip the five dollar coin.
From there up it would be paper - same convention, match the existing denominations at a multiplier of 10 and make the bills slightly smaller (and maybe a slightly different color green) with the last digit small scale the ten would become the new "dollar" and at the corners it would have 1o printed on it and maybe even the text could say TEN DOLLARs.
Besides the obvious benefits of making it much easier to carry around a normal amount of spending money and not having to print so much paper money I think this would help the low end consumer economy greatly. Returnable bottles would go to the Michigan rate, small tips and baybysitter pay probably pushing up the minimum wage and the low end of the wage scale which has been lagging inflation for 2 decades.
I'd keep/ transfer the same peoples heads to the "new" coins and currency so the collectors/purists who like Lincoln, FDR or Washington or Jefferson etc. on the coins couldn't bitch too much, you might have to shuffle the group around a bit between coins and notes to keep everyone represented.
Tuesday, February 12, 2008
Blog Post
Plenty of snow and good skiing in Vermont this winter. My last season as a coach of my kids youth sports, hanging up the whistle after 13 years.
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