Eliminating the penny
Writes Greg Privette:
Hi Lew,
I have been thinking about the current move to eliminate pennies. This discussion was in the news several years ago also. I do not remember the exact time frame but it was another period of commodity price inflation. At that time the MSM was discussing elimination of both the penny and the nickel because the value of the metals involved in their production had begun to exceed the face value of the coins. I remember telling people at the time that after more than
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LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
