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by ClassyJacket 3388 days ago
15.5 cents

https://www.federalreserve.gov/faqs/currency_12771.htm

1 comments

Wouldn't the next logical conclusion be to get rid of cash altogether?

Did I fall for a slippery slope fallacy?

That 15 cents helps facilitate commerce, and the lifetime of a bill is usually more than a single transaction. It's not a huge cost unless people are destroying a lot of bills.
> Wouldn't the next logical conclusion be to get rid of cash altogether?

I like this solution. Get rid of the need for money, too.