We have a perfect topic for trying out our new rallying cry Mind The Gap.
When the dofus analyst of BofA called for an abolition of the 500 Euro note, we straightened him out in our post "Attempted theft: my 500 Euro note".
Neither the European Central Bank nor the German Central Bank deigned to tell the analyst to f*** off.
A week or so ago, the other version of "money we don't need" was pulled out of someone's behind, the authors of that suggestion probably need a promotion or were bored.
That other money is, of course, the one cent coin. The arguments have been the same for decades: too expensive to make, does not buy you anything, the only reason to price at 0.01 is to make you believe you are paying 9 euros instead of 10.
It ruins your wallet, too.
For good measure, they included the 2 cent coin, proving to the rest of us that inflation is real.
The reaction of the German Central Bank?
They issued a strong statement refuting any calls to abandon the one and two cents coins!
It goes to show that these little pieces of ever cheaper alloy have a symbolic value far beyond their purchasing power and it goes to show that logic has little to no influence on us.
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