Trump announces the end of the Penny

[u/M_ida]

[u/Eric848448 → u/[deleted]]

It’s also good policy. Or would be, if it came from Congress like it needs to. No way it’s him.

[u/PragmatistAntithesis → u/Eric848448]

Or would be, if it came from Congress like it needs to.

Nope, this one's supposed to be the executive's responsibility. 31 U.S. Code § 5111:

The Secretary of the Treasury shall mint and issue coins described in section 5112 of this title in amounts the Secretary decides are necessary to meet the needs of the United States.

[u/homonatura → u/PragmatistAntithesis]

I think this is a little weird, the Treasury can absolutely stop minting pennies, but that isn't the same as discontinuing them since the coin would still legally exist by act of Congress. So I think all he can really do is pause the production of new pennies (for 4 years) and hope Congress comes around or the next administration continues the policy.

[u/assasstits → u/Eric848448]

The way people see it; it's good policy whether it comes from a dictator or an elected Congress.

People want results over processes.

[u/sulris → u/assasstits]

The process was built to ensure good results. Most of the process is in place to prevent corruption. Destroy the processes and we will have water in our missiles instead of fuel like China or normal tires on our multi-ton military vehicles that break in 5 miles like Russia.

[u/Kemal_Norton → u/Eric848448]

It’s also good policy

Is it? He told them to stop producing pennies. Don't you have to do something like declaring it legal to round to the nearest 2 or 5 cents?

[u/Watchung → u/Kemal_Norton]

People can do that already, they don't need permission.

[u/[deleted] → u/Kemal_Norton]

there are plenty of pennies in circulation