What About The Penny?
July 14, 2008
To most Americans, a penny saved is a penny earned, but unfortunately for Uncle Sam, this may not be true. It costs the US about 1.28 cents to even make a penny, which produces some mixed feelings. So should the penny be excluded in our currency? Some people think the little coin is a “rich tradition of America” while others just think is plain annoying. Some people who like the “lucky” coin are moving over to the more technical argument, claiming that paying too much to make the penny is a factor in our faltering economy. Some people I talked to even suggested making the penny out of something else, but what? Obviously not plastic, or we are going to have some more serious problems. Let the debate continue!