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Coins
August 18, 2020, 3:26 AM
Why are we running out of coin??
i genuinely do not know for sure.
my first guess... inflation causing the coins to be less valuable than their melt value. But that's pretty thin.
August 18, 2020, 4:30 AM
It's got to do with something called "the velocity of money". You can google it to find out more, but the long and the short of it is that it's because the "regular" economy was so slow for so long. Money moves, and when money stops moving (or losing velocity) shortages in coins is one of the first effects.
August 18, 2020, 5:17 PM
Thanks.
so ppl are saving not spending??
August 19, 2020, 11:39 PM
I've heard some people say that there really is no coin shortage; they are just trying to move us to a cashless society.
August 19, 2020, 11:50 PM
Could be... I just don't see any one vocalizing for that. It's peculiar.