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Getting rid of the penny introduces a new problem: nickels
Phasing out the penny could result in needing to make more nickels, and the U.S. Treasury Department loses far more money on ...
Trump Says Minting U.S. Pennies Is ‘Wasteful.’ Does Making Cents Really Make No Sense?
“For far too long the United States has minted pennies which literally cost us more than 2 cents,” Trump posted on his social ...
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Trump takes on economics textbooks
Harvard economist Gregory Mankiw, renowned for his textbook, recently posted on his blog: “Value-added tax (VAT) is not a ...
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Getting rid of the penny introduces a new problem: nickels
“When people start leaving a monetary unit at the cash register for the next customer, the unit is too small to be useful,” said Gregory Mankiw, a Harvard economics professor and former chairm ...
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Getting rid of the penny could mean the need for more nickels, which costs even more money to make
"When people start leaving a monetary unit at the cash register for the next customer, the unit is too small to be useful," said Gregory Mankiw, a Harvard economics professor and former chairman ...