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Breitbrat Ben Shapiro: The Left Won Because They're Big Meanies

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wrenchwench1/09/2013 8:30:15 am PST

re: #482 lawhawk

Yeah, there’s a few people complaining that there’s no way you can mint a $1t coin because it would be the size of the Titanic if minted in platinum. That, of course, ignores that the government can set the value of a piece of paper or coin at whatever denomination it sees fit. The Mint sets the price of a coin of a certain size as a quarter dollar, but the value of the actual metal is a few pennies (it’s actually most cost effective for the mint to strike a quarter than a penny, which is an argument to eliminate the penny from circulation due to costs to make).

I was exchanging some currency in Turkey once, and the teller deducted some of the value of my $20 bill because a corner was torn off. I could not at the time explain very well how money really works in English, let alone Turkish.