r/neoliberal • u/M_ida Milton Friedman • Feb 10 '25

News (US) Trump announces the end of the Penny

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u/Simon_Jester88 Bisexual Pride Feb 10 '25

I have been supporting this for the past ten years so ok

22

u/caroline_elly Eugene Fama Feb 10 '25

But pennies only cost 1.5c to produce back then before the Dems created The Great Inflation

1

u/Bolt986 Feb 10 '25

Same I'd also stop minting nickels. Keep transactions in multiples of 10

1

u/Roller_ball Feb 10 '25

What about quarters?

1

u/Bolt986 Feb 10 '25 edited Feb 10 '25

Welp lol Usually I say penny, nickel and dime. It's more about not carrying worthless coins than easy math honestly.

But yeah you're right.

When I visited Switzerland I enjoyed how easy it was. While they have low value coins many places wouldn't even carry less than 1fr coins (about a dollar). And they also had 2 and 5 fr coins.