The U.S. might finally ditch the penny—but is that actually a cost-saving move? Not when nickels cost over 11 cents to produce. If demand for nickels goes up, taxpayers might end up spending more, not less.
So are we fixing the problem, or just shifting it?
https://www.mondayeconomist.com/p/penny
So are we fixing the problem, or just shifting it?
https://www.mondayeconomist.com/p/penny
Comments
fwiw I think we should absolutely stop minting both
I don't think we'll end up spending more, but I also don't think we'll save the full cost of removing pennies.