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Comment Re:Using an economic lens (Score 1) 77

I think they are holding out to sell the buildings at full price.

Never gonna happen. Full price was before 10 years of decay and rodent infestation + neighborhood gone to shit. Nevertheless, high supply, low demand is supposed to result in low prices.

What a nice idea! But then the commons are not only not commons, but they become properties and whatever herdsman gets the biggest herd will buy it all up and you get a monopoly.

One, how so if the agreement is ownership in common. And two, how is it worse than it all being owned by a (land)lord who rakes in the better part of the profit while considering herding animals to be beneath him?

Sounds like you drank the cool aid.

Comment A fake problem? (Score 1) 69

China's geezer party leaders probably got jealous of all the young whippersnappers having fun, so had to reign it in.

Theory is that's also why the Old Testament was written. "If my wanker no longer works, those wippersnappers are no longer allowed to snap their whips either! Parity of misery, Hallelujah, pass the wine!"

Comment Re:Good start (Score 1) 168

Maybe I'm unique in this aspect, but I just don't use a lot of cash. It's not rare for me to literally have zero cash on me. I used to keep 1.25$ in coins in my car for if I forgot to make coffee in the morning, I could swing through the gas station and not have to run a card. Now that a cup of coffee is damn near $2 I just run the stupid debit card.

That's a good point. Between cards and phones and watches paying for things, people rarely carry cash anymore anyway, let alone coinage.

Comment Re: Make them occasionally? (Score 1) 168

You have described how every other country getting rid of a 1c coin has done it.

if it ends in 3,4,5,6,7 it rounds to 5 cents. if it ends in 8,9,0,1,2 it rounds to 0 cents

Not disagreeing as I'm not going to bother looking them all up, but there are a LOT of ways to do rounding! Recently had to read up on "Round half to even"[^1] when `sprintf` was providing results I didn't expect (it does round half to even). For example:

$ for i in `seq 1 4`; do echo -n "$i.5 : "; printf "%0.0f\n" "$i.5"; done
1.5 : 2
2.5 : 2
3.5 : 4
4.5 : 4

That's also called "Banker's Rounding", so I have no faith that everyone everywhere will do it in the same sane way.

[^1] https://en.wikipedia.org/wiki/...

Comment Re:Good start (Score 1) 168

FWIW, I'm not in favor of going to a dollar coin. Just noting that it's not as straight forward as, "Bills are cheaper to make". The difference would add to up billions... but as the next posted noted, there are other contributing cost issues that may offset or reverse that savings.

For me, 99% of the time, a dollar coin goes from the store, to my pocket, to my change jar, then back to the bank in a couple years. (Just like every other coin) The dwell time for a dollar bill in my wallet is measured in days.

Your personal lifecycle of a coin would change. If there were no bills, you wouldn't choose to carry bills over the coins. I doubt you'd make an argument to move quarters to paper bills, but that's the same argument, especially since the dollar continues to lose value (a quarter in 1920 had the purchasing power of over $4 today; A dollar today has a purchasing power of about 6 cents in 1920).

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