Mad Money Machine

by Paul Douglas Boyer

Congress Takes Up Coin Modernization

Congress held a hearing yesterday to consider replacing zinc pennies with steel pennies. Ron Paul was there and made a statement about how the penny was worth the equivalent of $0.47 in the early 20th century.

You can watch a video of the hearing. But nobody is talking about the solution that makes sense: drop a decimal place in prices and eliminate the penny, nickel, and quarter. What do I gotta do to get my proposal to congress?

Wed, March 12 2008 » Fun

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