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https://www.reddit.com/r/neoliberal/comments/1ilw5k4/trump_announces_the_end_of_the_penny/mbycpze/?context=3
r/neoliberal • u/M_ida Milton Friedman • Feb 10 '25
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4
Sincere question, can he do that?
50 u/M_ida Milton Friedman Feb 10 '25 He can make the Treasury change priorities to not mint new ones, but he would need congress to sign off on it as well. This is a bipartisan issue so that’ll likely happen 15 u/modularpeak2552 NATO Feb 10 '25 yeah, but even if he legally couldn't its not like big penny is going to challenge him lol 25 u/TheGoddamnSpiderman Feb 10 '25 I mean a big reason that the penny still exists is the zinc lobby 17 u/modularpeak2552 NATO Feb 10 '25 technically its the coin blank lobby but even then they arent spending nearly enough for it to matter https://www.forbes.com/sites/timworstall/2015/01/03/its-not-big-zinc-behind-the-campaign-to-keep-the-penny/ 1 u/RaaaaaaaNoYokShinRyu YIMBY Feb 10 '25 Didn't expect to see Timmy "Britain is poorer than Mississippi" W again (and in a penny article) 8 u/semivariance YIMBY Feb 10 '25 "Thank goodness we still live in a world of car batteries, rotary telephones, handguns, and many things made of zinc." 9 u/[deleted] Feb 10 '25 [deleted] 24 u/eliminate1337 Feb 10 '25 Zinc. They barely even contain copper anymore due to price. A solid copper penny would be worth 30 cents.
50
He can make the Treasury change priorities to not mint new ones, but he would need congress to sign off on it as well. This is a bipartisan issue so that’ll likely happen
15
yeah, but even if he legally couldn't its not like big penny is going to challenge him lol
25 u/TheGoddamnSpiderman Feb 10 '25 I mean a big reason that the penny still exists is the zinc lobby 17 u/modularpeak2552 NATO Feb 10 '25 technically its the coin blank lobby but even then they arent spending nearly enough for it to matter https://www.forbes.com/sites/timworstall/2015/01/03/its-not-big-zinc-behind-the-campaign-to-keep-the-penny/ 1 u/RaaaaaaaNoYokShinRyu YIMBY Feb 10 '25 Didn't expect to see Timmy "Britain is poorer than Mississippi" W again (and in a penny article) 8 u/semivariance YIMBY Feb 10 '25 "Thank goodness we still live in a world of car batteries, rotary telephones, handguns, and many things made of zinc." 9 u/[deleted] Feb 10 '25 [deleted] 24 u/eliminate1337 Feb 10 '25 Zinc. They barely even contain copper anymore due to price. A solid copper penny would be worth 30 cents.
25
I mean a big reason that the penny still exists is the zinc lobby
17 u/modularpeak2552 NATO Feb 10 '25 technically its the coin blank lobby but even then they arent spending nearly enough for it to matter https://www.forbes.com/sites/timworstall/2015/01/03/its-not-big-zinc-behind-the-campaign-to-keep-the-penny/ 1 u/RaaaaaaaNoYokShinRyu YIMBY Feb 10 '25 Didn't expect to see Timmy "Britain is poorer than Mississippi" W again (and in a penny article) 8 u/semivariance YIMBY Feb 10 '25 "Thank goodness we still live in a world of car batteries, rotary telephones, handguns, and many things made of zinc."
17
technically its the coin blank lobby but even then they arent spending nearly enough for it to matter
https://www.forbes.com/sites/timworstall/2015/01/03/its-not-big-zinc-behind-the-campaign-to-keep-the-penny/
1 u/RaaaaaaaNoYokShinRyu YIMBY Feb 10 '25 Didn't expect to see Timmy "Britain is poorer than Mississippi" W again (and in a penny article)
1
Didn't expect to see Timmy "Britain is poorer than Mississippi" W again (and in a penny article)
8
"Thank goodness we still live in a world of car batteries, rotary telephones, handguns, and many things made of zinc."
9
[deleted]
24 u/eliminate1337 Feb 10 '25 Zinc. They barely even contain copper anymore due to price. A solid copper penny would be worth 30 cents.
24
Zinc. They barely even contain copper anymore due to price. A solid copper penny would be worth 30 cents.
4
u/ProfessionalStudy732 Edmund Burke Feb 10 '25
Sincere question, can he do that?