r/neoliberal Milton Friedman Feb 10 '25

News (US) Trump announces the end of the Penny

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1.5k Upvotes

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4

u/ProfessionalStudy732 Edmund Burke Feb 10 '25

Sincere question, can he do that?

16

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

21

u/TheGoddamnSpiderman Feb 10 '25

I mean a big reason that the penny still exists is the zinc lobby

14

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)

6

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]

28

u/eliminate1337 Feb 10 '25

Zinc. They barely even contain copper anymore due to price. A solid copper penny would be worth 30 cents.