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People who argue with coin collectors about the hobby being a drain on the US Treasury. Folks, those of us who collect pennies and other coins are not hurting the US Treasury.
People who argue with coin collectors about the hobby being a drain on the US Treasury. Folks, those of us who collect pennies and other coins are not hurting the US Treasury.
It's not a drain on the Treasury, it's hurting the economy. Every penny you collect is one that is not spent. Oh wait, you can say the same thing about everyone that has a savings account.
Coin collectors being a drain on the US Teasury. Never thought of that. But now that you mention it. Let's see now...Collectors hoard coins. Teasury mints more coins resulting in devaluation. Devaluation results in inflation. Coin hoarders forced to spend hoarded coins because of higher cost of living. Increased spending drives down demand. Recession entered. It is very clear now. Our current economic situation is all due to people hoarding pennies.
Actually, a new wrapper is out and about for the bazooka bubble gum, but ya can't buy a single piece any more - and even if ya could, it would cost more than a penny Bazooka Bubble Gum
Quote:
Originally Posted by Alaskan Mutt
Coin collectors being a drain on the US Teasury. Never thought of that. But now that you mention it. Let's see now...Collectors hoard coins. Teasury mints more coins resulting in devaluation. Devaluation results in inflation. Coin hoarders forced to spend hoarded coins because of higher cost of living. Increased spending drives down demand. Recession entered. It is very clear now. Our current economic situation is all due to people hoarding pennies.
Coin collectors being a drain on the US Teasury. Never thought of that. But now that you mention it. Let's see now...Collectors hoard coins. Teasury mints more coins resulting in devaluation. Devaluation results in inflation. Coin hoarders forced to spend hoarded coins because of higher cost of living. Increased spending drives down demand. Recession entered. It is very clear now. Our current economic situation is all due to people hoarding pennies.
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