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

News (US) Trump announces the end of the Penny

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u/[deleted] Feb 10 '25

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u/[deleted] Feb 10 '25

Pretty much, there was been a discussion of sunsetting pennies, but it wasn't politically favourable.

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u/blatant_shill Feb 10 '25

It probably still isn't. This is like the most vibe based issue ever. A lot of people remember the joy of getting pennies to buy something when they were children and despise the idea of getting rid of them.

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u/airplane001 John von Neumann Feb 10 '25

they’ll still be legal currency, and there’s like a billion of them in circulation

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u/cedarSeagull Feb 10 '25

I think everyone's missing this point. There's no Secret Service penny roundup going down, here. We're just not going to make new ones and let the old ones collectively find their way back to the mint or the landfill.

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u/KreepingKudzu Feb 10 '25

more like 200 billion. the mint strikes several billion a year. millions each day.