Comment on What the 2.4-Cent Penny Says About America's Budget Problem

What the 2.4-Cent Penny Says About America's Budget Problem

The controversy around the humble penny illustrates the challenges of getting public spending under control. It turns out that the humble penny is a pricey coin. Specifically, each new penny coined by the government costs 2.4 cents. My point here is not to remind you that pennies are anachronisms that ought to be dispensed with entirely—though that is true.

 

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