Timeline for Could a state legally phase-out pennies?
Current License: CC BY-SA 4.0
7 events
| when toggle format | what | by | license | comment | |
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| Jun 25, 2019 at 3:09 | comment | added | bdb484 | @NateEldredge Only Congress can regulate interstate commerce, but that doesn't mean the states can't act in ways that affect interstate commerce; they clearly do that all the time. The question is going to be whether this plan is an undue burden on interstate commerce. My initial guess is no, but I'd bet folks in financial fields could generate stronger arguments to the contrary. | |
| May 25, 2019 at 23:05 | history | edited | IllusiveBrian | CC BY-SA 4.0 |
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| May 25, 2019 at 22:57 | history | undeleted | IllusiveBrian | ||
| May 25, 2019 at 22:51 | history | deleted | IllusiveBrian | via Vote | |
| May 25, 2019 at 22:50 | comment | added | Nate Eldredge | Another point might be that this scheme could affect interstate commerce, which Congress gets to regulate. | |
| May 25, 2019 at 22:35 | comment | added | LegalDisciple | To clarify, I'm not suggesting the state would forbid the use of pennies, only that once they were spent they would be stored somewhere to never be used again. In this hypothetical scheme businesses would still accept pennies to pay for things. But the state would have the businesses no longer issue pennies, effectively removing them from circulation. | |
| May 25, 2019 at 22:20 | history | answered | IllusiveBrian | CC BY-SA 4.0 |