Fixing the currency system of the United States

There was a thread related to this on slashdot.org yesterday (Should the US Change Metal Coins?)

It should not get to this point. This point where the value of low-denomination currency is so ridiculously small such that the cost of manufacturing it is higher than its value. But this not the only problem. The problem is that the entire spectrum of currency has lost so much value that the entire function of currency is shifted.

For example, if you want to purchase something of high value with cash, you need to have wads of $100 bills because their value is so low.

Imagine being able to go out for a walk with only a few quarters or maybe a couple dollar bills in your pocket, knowing that was enough to buy lunch if you become so inclined. That is the way currency is supposed to work. It is supposed to be convenient to use. It should be a pleasure to use, not a burden as it is now.

So, the way to fix the currency of the United States (and any country for that matter) is to devalue it. I would suggest a factor of 10 to make it simple. So ¢1 becomes worth what ¢10 is now. ¢25 becomes worth what $2.50 is worth now. $100 becomes worth what $1,000 is worth now.

Perhaps there is a deliberate plan by the oligarchy to kill off physical currency and one way to do that is to allow its valuation to descend into uselessness and absurdity as it is now. But there should be a law that, whenever currency becomes devalued to a certain threshold, it automatically gets revalued by a factor of 10.

If this were law then it would be interesting to see how many years pass between triggered revaluations. It might be a useful indicator.

Another cool thing about this revaluation system is that it could easily be programmed into cash registers or other systems so that prices could automatically be adjusted according to the new valuation. Imagine just being able to change some setting on a cash register which shifts the prices of all items by a factor of 10. Any store or business would be able to just change one setting for their entire store’s inventory system and all product prices would immediately be shifted. Simple!