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The penny costs 3.7 cents to make, costing the U.S. Mint $85 million last year. But can the president really eliminate it with a social media post or even an executive order? A business professor examines the legal and practical challenges: theconversation.com/can-249825 #economy #currency

Can the president really kill off the penny – and should he?

Yes, the government makes pennies at a loss. But just stopping production could create new problems.
The Conversation
#economy #currency

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Catherine is not giving up.
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Catherine is not giving up.
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I have to be honest, I’m having a hard time caring about pennies at the moment. You know what with the entire Republic going down in flames and all.
in reply to The Conversation U.S.

Stephen Cox Author
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Stephen Cox Author
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Canadians did I think. People paying cash round down to an even number of cents.