*> That sounds like an argument made up retroactively to try to justify somethin... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		michaelt on July 14, 2020 \| parent \| context \| favorite \| on: Is It Time to Kill the Penny? > That sounds like an argument made up retroactively to try to justify something. Seriously? If the latest console game rises from $79.99 to $80.00 it's a trivial increase, I agree. A hundredth of a percentage point. But if a loaf of bread rises from $0.99 to $1.00 it's increased by an entire 1% - resulting in a noticeable impact on food price inflation. And when your inflation rate is around 0%-2% before, even a quarter of a percentage point is pretty noticeable to inflation-watchers. IMHO we should do it anyway, though.

einpoklum on July 14, 2020 [–]

I call straw man.

1. Loaves of bread don't go for $0.99 ; see an example survey here: https://costaide.com/loaf-bread-cost/

2. You can get bread at different units of weight.

2. A $0.09 item would rise by a full 10%! Terrible, right? ... not when you ask yourself "How many of those do I actually buy?"

Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact