True, Pat. Also, it goes to mindset, my friend. As long as these guy's mindset is stuck in the old days they won't see much progress going their way, unfortunately. They seem to forget that they use a *decimal currency system* and fail to reap its full benefits. Pity...
Marcus On Tue, 01 Jan 2002 14:14:47 Pat Naughtin wrote: >Dear Marcus and All, > >There certainly seems to be a special slowness to adopt change among those >who work with money. > >It took the New York Stock Exchange 208 years (from 1793 to 2001) to change >from pieces of eight to decimal currency, and bank workers now seem to be >key resisters in the adoption of the dollar coin. > >Your reference to the 25 cent coin reminds me of the Federal Reserve's >practice of adjusting interest rates in halves and quarters of one percent. >I suppose that this is just another hangover from pieces-of-eight. Decimal >adjustments, such as a rise or fall of 0.1 percent would give them a lot >more precision. > >Cheers, > >Pat Naughtin >CAMS - Certified Advanced Metrication Specialist > - United States Metric Association >ASM - Accredited Speaking Member > - National Speakers Association of Australia >Member, International Federation for Professional Speakers >-- > >on 2001/12/31 06.51, Ma Be at [EMAIL PROTECTED] wrote: > >> Another superb response by John here (thanks, pal, for such inspiring piece, >> it will go straight to my archives as with many others coming from you already >> there! :-) ). >> >> Just an addendum that they have done it *correctly* by introducing 20 cent >> coins instead of the ridiculous 25 cent piece still plaguing us here in North >> America. (As you may recall there is crystal clear proof that there would be >> significant savings and more efficiency if one stuck with decimal primes - >> 1,2,5 - for money denominations - provided the money system is decimal, of >> course, which is the case EVERYWHERE!...) >> >> On Sun, 30 Dec 2001 11:11:44 >> kilopascal wrote: >>> 2001-12-30 >>> >>> The discussions on the dollar coin and the Euro are very relavent. They >>> point out methods that work and methods that don't work in weaning people >>> away from old habits and adjusting to the new. >>> >>> It also shows the difficulty in America going metric. Because when the US >>> decides to change something, it never does it fully or correct. And you can >>> see the results. >>> >>> Conversion to the Euro is an example of how it is to be done. Can you >>> imagine if Americans were running the Euro conversion program? They would >>> let the old and new co-exist side by side forever and let the people choose >>> which one they want. And you would experience exactly what you have seen >>> below with the dollar coin. >>> >>> Conversion to metric parallels conversion in other habits. That is the >>> relavence >>> ... >> >> >> Is your boss reading your email? ....Probably >> Keep your messages private by using Lycos Mail. >> Sign up today at http://mail.lycos.com >> > > Is your boss reading your email? ....Probably Keep your messages private by using Lycos Mail. Sign up today at http://mail.lycos.com
