A penny is practically worthless. In our fiat money system our penny is "worth" 1 cent but it costs the government 1.5 cents to produce. How stupid is that for a country with 13 trillion dollars worth of debt? Back in the day 1 cent could buy something, today a cent can buy nothing. They should stop making them.
Might not be a bad idea to start hoarding pennies if we're going to see inflation. That 1 cent penny could go from being worth 1.5 cents on up and eventually they'll have to discontinue them.
Yes they should. I think they are not doing it because their will be a bank rush of people turning in pennies and it will be a negative impact on the economy.
They should be turfed but then all prices on everything will have to be adjusted takin into consideration taxes for the price to come out on an even .05. Or bring in a rounding system..
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Should they stop making pennies?
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