Dear All,
It took the New York Stock Exchange 208 years (1793 to 2001) to catch on to
the idea that decimal currency was superior to pieces-of-eight.
I wonder how long it will take economists to realise that it is not
necessary to adjust interest rate rises and falls in 1/4 and 1/2 lots.
Surely the activities of their profession would look more precise if they
adjusted interest rates in decimal amounts such as 0.1�% or 0.3�%.
At least this would be in keeping with Simon Stevin's original suggestion
(as his 6th Article) that Moneymasters, Merchants, and all Estates in
General should convert currencies � such as Pounds sterling, Livres de gros,
and Ducats in to decimal currencies. Simon Stevin made this suggestion in
1585.
I wonder how long it will take for the economists to catch up. I think it
will be best if I don't hold my breath while I'm waiting!
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
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