Save the Penny

Clifford Thies’s Mises.org article on the penny — which John Fund and other ne’er-do-wells would like to abolish — isn’t quite the defense that I’d like to see, but it’s a start.  Then penny is indeed nearly worthless and actually costs more to mint than it’s worth. But tax money wasted on ineffecient minting is actually less harmful than tax money used to bribe voters or bomb foreign countries. It’s also a useful reminder to the public of just what the government has done to “our” money.

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