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• March 9th, 2008

  When will paper $1 bills disappear in the US?

  Economics is using logic to understand financial tendencies among humans, there are normative and positive economics, so yes, many samples are not just theories, but instead are fact. There is more use of judgement in medicine than in economics, so if you choose to not believe economics to be fact, then neither can you accept medicine as a legitimate science. Most of what we believe and accept to be true are hardly 100% “factual”, but rather an acceptance of fact based on redundancy.
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• March 9th, 2008

  Where are you?

  I’m currently in Flagstaff, AZ. It’s very cold and snowy most of the year. The people are great though and it’s a small, laid-back mountain town. I’m 20 and working on a criminal justice degree. Other than that I’m pretty boring : )
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• March 9th, 2008

  Can we PLEASE raise the level of discourse on this site?

  Excellent rant. I couldn’t agree more. I do own an iPhone, but only use it to post when a computer is not around. Honestly though, if we don’t humor stupid questions, those asking them probably won’t stick around. I see a great number of intelligent, humorous people on this site. I’m not too worried about it getting cluttered with garbage.
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• March 9th, 2008

  When will paper $1 bills disappear in the US?

  jonno, remember, this is a free market society, and is definitely not Austraila. Removing the penny would end up taking away from the marginal propensity to consume (MPC), resulting in levels of significant inflation that would cost more than what we lose on making the penny. I’m sorry but this isn’t an opinion, its basic macroeconomics.
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• March 7th, 2008

  Legalize it???

  I agree with all of you, there really isn’t a good reason to keep it illegal. Unfortunately though, it’ll just take some time, but things will change.
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