The Dollar Is The New Penny

The Dollar is the New Penny.

The Federal Reserve was established in 1913. The Federal Reserve is a nexus of central banks that control the US monetary supply by lending out money.

The Federal Reserve has an inflationary monetary policy. Inflation devalues the money in the market. As we approach the centennial of the Federal Reserve, we find that there is roughly a 99% devaluation of the dollar.

The 2013 dollar has about the same purchasing power as the 1913 penny.

As the the nation's currency devalues, small coinage falls ouf of favor. So, in celebration of the Federal Reserve centennial, I thought it would be fun to run a campaign in which merchants stopped accepting small change and round transactions down to the nearest quarter.

Experience taught me that one needs to buy the domain name before starting the project.

So, I bought the domain name RoundDown.US and put together a teaser site. I will make the push for this project in 2012.

I intend to write to state legislatures and ask that they develop tax tables rounded to the quarter.