A PENNY FOR YOUR THOUGHTS?
Inflation.
It may cost you a nickel now to get someone's thoughts.
Why, you ask? Glad you asked............
Trump instructs Treasury to halt penny production
President Donald Trump announced Sunday that he has instructed Treasury Secretary Scott Bessent to halt the production of pennies, citing the high cost of producing one cent.
Another example of how Trump is Making America Great Again. Wouldn't you say?
Of course, since it was Trump's idea, it must be a bad idea. A penny for YOUR thoughts while you still can on this one.
Meanwhile, Canadians beat us to it.............
Canada stopped making pennies in 2012. The Royal Canadian Mint in Winnipeg, Manitoba struck the last penny on May 4, 2012.
NEXT UP for the U.S................
Even U.S. government studies confirm that it would be more cost effective to cease issuing $1 paper currency and only issuing coins of that denomination. However, as I have explained in the past, there are political considerations that, so far, carry more weight than the economic benefits of making such a change.
So, PENNY for your thoughts folks............
Good idea to cancel the penny? Good idea to go to coins? Is Trump brilliant or what?
AND whatcha gonna do with YOUR penny collection?
Comments
Post a Comment