Thursday, April 20, 2023

I Can Hardly Wait to Share With My Students

We have discussed how Rome debased it's currency in the later years of the Empire.

 4/20/23 CNBC:

" WASHINGTON — A bipartisan bill to authorize the U.S. Mint to alter the metal content of coins in order to save taxpayers money will be reintroduced on Thursday, the two senators sponsoring the bill told CNBC exclusively.

The bill's reintroduction comes just days after a new report from the U.S. Mint revealed that in 2022, soaring costs for raw metals drove the price of minting a single nickel past 10 cents, or more than double the value of the coin itself."


  1. What's the cost of minting a one cent coin, then?
    I immediately thought of Robert Heinlein and "The Door Into Summer", in which the protagonist is paid in money that includes plastic coins.
    These are the "Crazy Years", but a man born in 1907 couldn't imagine so much as half of the crazy.

    1. I know they have reduced the copper content of pennies in recent years. Reality=crazy.