I worked in a grocery store as a youth; one day the boss had me marking cans of corn (yes, it was long enough ago that each item was stamped with a price gun, and the cashiers read that and punched it into the register) to match the sign he hung that it was on sale at 4/$1.
Bill changer machines at DFW and a few other airports in the southern US would only give 0.95 for a $1.00 bill for several months. They said it was a “convenience fee.” Several nasty letters and a few broken machines ended that practice. the ability of more venues and machines to accept credit and debit cards also put an end to this practice.
Capitalism is not like this. This company would not last long. Prices will rise to match demand and what people are willing to pay. I.E. the I-Phone (can you believe people pay a $1000+ for a phone when you can get another brand for $50?) But hey, as long as people are willing to pay for it, then Apple will do just fine, and they can charge what the market will bear. It’s when governments step in to pay that costs tend to skyrocket (such as health care and college tuition).
The bigger scam was the coin counting machines that paid 80 cents on the dollar. I saw many people pouring their change into those machines while I could use the one at my bank and get 100 cents on the dollar.
Otto Knowbetter over 5 years ago
Ronald is now a Congressman on the Budget Committee.
pschearer Premium Member over 5 years ago
The existence of bank-robbers is not a fair criticism of the banking system.
rekam Premium Member over 5 years ago
Wow! What a bargain.
ptnjbrown over 5 years ago
And they’re two-sided! Great for decision making!
William Bednar Premium Member over 5 years ago
That is not Capitalism, it snake oil! Dave should know better.
joegeethree over 5 years ago
Takes money to make money. Everyone knows that.
CrzyDyeman over 5 years ago
The Walmart volume discount.
belgarathmth over 5 years ago
“Use them to pay a math tutor.”
Cozmik Cowboy over 5 years ago
Yep, that’s how they do it.
I worked in a grocery store as a youth; one day the boss had me marking cans of corn (yes, it was long enough ago that each item was stamped with a price gun, and the cashiers read that and punched it into the register) to match the sign he hung that it was on sale at 4/$1.
Regular price was 22¢ per.
drycurt over 5 years ago
The US Mint does this, just not out of a machine – yet.
MikeM_inMD over 5 years ago
I am amused that the bulk price is actual more expensive.
Teto85 Premium Member over 5 years ago
Bill changer machines at DFW and a few other airports in the southern US would only give 0.95 for a $1.00 bill for several months. They said it was a “convenience fee.” Several nasty letters and a few broken machines ended that practice. the ability of more venues and machines to accept credit and debit cards also put an end to this practice.
Squirrelchaser over 5 years ago
Capitalism is not like this. This company would not last long. Prices will rise to match demand and what people are willing to pay. I.E. the I-Phone (can you believe people pay a $1000+ for a phone when you can get another brand for $50?) But hey, as long as people are willing to pay for it, then Apple will do just fine, and they can charge what the market will bear. It’s when governments step in to pay that costs tend to skyrocket (such as health care and college tuition).
WCraft Premium Member over 5 years ago
Casino’s banned the machines – they didn’t have a larger enough profit margin.
wardberger over 5 years ago
Think it’ll take $20’s?
HappyDog/ᵀʳʸ ᴮᵒᶻᵒ ⁴ ᵗʰᵉ ᶠᵘⁿ ᵒᶠ ᶦᵗ Premium Member over 5 years ago
The bigger scam was the coin counting machines that paid 80 cents on the dollar. I saw many people pouring their change into those machines while I could use the one at my bank and get 100 cents on the dollar.