No More Change

Change is coming. Why bother with coin change. Prices and inflation. Dollar Gum balls.

Prices are a changing. With inflation continually rising over our lifetimes, we can expect prices to also grow. When I used to fill up my old Chevrolet Impala and gas rose over a buck, I was shocked. Now with U.S. gasoline prices heading up to $4/gallon, my $20 barely fills the tank half-way. I know compared to the rest of the world our gas is relatively inexpensive, so we shouldn’t complain. With the increase of fuel prices, the prices for other goods and services will also rise. So expect to be spending more and getting less.

I was mulling the idea of the usefulness of coins as money. I really don’t use change, I just collect it. When I get enough of it, I just wrap it up and take it to the bank. Even the price of creating coins is increasing with scarcity of metals. Manufacturing both a penny and a nickel is more than the 1-cent and 5-cent values of the coins themselves. I’ve heard talk of a penniless America, but I beleive we’ll be a coinless America before we get to a cashless society. The dollar bill will be the new penny. What do you think?

(Of course we could all be penniless if the economy tanks…)