Economy. Subscribe to me and add me as a friend to see more funny reposts!. PLASTIC PENNIES Set mu I‘ j’ . need new money.. that is no surprise materials to make a penny cost more then a penny.
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PLASTIC
PENNIES
Set mu
I‘ j’ . need new money.
...
+452
Views: 20095
Favorited: 14
Submitted: 07/03/2014
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#1 - sumsar (07/03/2014) [+] (13 replies)
that is no surprise materials to make a penny cost more then a penny.
#9 - flamingpie (07/03/2014) [+] (1 reply)
I read this as plastic penises and I got worried. I then read the set of 100 part and got even more worried.
#6 - xboxfest (07/03/2014) [+] (6 replies)
I read that wrong.
I read that wrong.
#7 to #6 - fuckyeahxd (07/03/2014) [-]
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User avatar #32 - pepemex ONLINE (07/04/2014) [+] (7 replies)
100 pennies are $10 you retard
User avatar #35 to #32 - mrblueftw (07/04/2014) [-]
you might want to check the definition on who is a retard and how many pennies make a dollar.
#31 - okaythen (07/04/2014) [-]
Yeah America sucks haha xD

This shit is really getting old.
#28 - kulamia (07/04/2014) [+] (2 replies)
OH man! It's almost as if this were play currency for children made by a private company which sets the price of their currency based off their fixed and variable costs, then sets reasonable goals of revenue and profit, whereas the US Government has no concern of making a profit.


In that case, there are several airsoft guns I know of that are more expensive than the real deals, so I had better 'get a new firearm' because this somehow has bearing on how the actual thing works.

For those unaware, printing money typically costs more than the actual currency is worth. This is NOT a problem. The Federal government is not looking to make a profit, they are looking to maintain a system of currency which holds a value( $1= x amount of gold, another thing which has value placed on it). These are mere markers to show that for your efforts in working you are able to accrue X amount of potential material wealth, how you spend it is up to you. Ask an Economist more.
#37 to #28 - numbertwopencil (07/04/2014) [-]
Unless I'm misunderstanding the underlying sentiment of your statement, and I apologize if I am...

but... there is zero physical material (gold, silver, etc) that "backs up" the dollar, we've been off the gold standard for like... 80+ years. Its a fiat currency, which means that its "backed" by the full faith and credit in the US government. Not to mention that money is more or less a loan from the Fed.


Now if you meant to say that the value is assigned by "perception", and that the value of gold is assigned by "perception" (which isn't entirely false, but you can't disregard scarcity... not to mention the price/value of gold, silver, commodities, and oil is mostly driven by speculation in the marketplace) as an illustration, then I apologize for the misunderstanding.
#44 - thismustbeseen (07/04/2014) [-]
Is it really worth $3.49 though?

If you bought it, would you be able to resell it for that much? I'm thinking most of that $3.49 is markup.
#43 - chinkzombie (07/04/2014) [-]
if we removed physical currency and made the only way to pay be virtual (ex. credit card, mobile, online), what would happen to the economy?
User avatar #27 - psykobear (07/04/2014) [-]
You're confusing worth with retail price.
#18 - bluwizard (07/04/2014) [-]
**bluwizard rolled image** what's worth about tree fiddy
#17 - anonymous (07/04/2014) [-]
some schools use these to teach kids about money. It's cheaper in the long run as plastic pennies get returned at the end of class, where as real ones wouldn't.
#16 - mexicanbean ONLINE (07/04/2014) [+] (1 reply)
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User avatar #10 - okamiterasu (07/03/2014) [-]
I HATE PENNIES!!!! (Also Nickels.)
#5 - anonymous (07/03/2014) [-]
lol in brazil our coins are made of copper/steel and it costs less than the coin itself
#12 - kiaserzerg (07/03/2014) [-]
i take it you dont understand what its like to sell anything. those plastic pennies are barely worth a penny. but the price is marked up because they have to buy them from the manufacturer, have them shipped, pay for the plastic, pay for... a shit ton of stuff.
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