Thursday, April 14, 2016

[emzojvoq] One slice of bread

A single slice of bread is something someone might reasonably buy with cash, costing about a penny.  This is an argument against eliminating the penny.  (Inspired by a discounted loaf of day-old bread being sold for 10 cents at a supermarket.)

What other things might people buy, with cash, costing about a penny?  Condiments, cooking ingredients (e.g., teaspoon of salt), bags.

It probably needs to be a special situation in which the labor cost of the transaction does not dominate the cost of the good being bought or sold.  Maybe honor system of payment.

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