The Road of #47: A PENNY FOR YOUR THOUGHTS

 Date line: 2/14/25: The White House

    Happy Valentine’s Day to all.

    I’m not sure if #47 can do this but why not try. He instructed the Treasury Department to stop minting pennies because each one cent cost more than 2 cents to make. The minting of coins is the responsibility of Congress, not the president.  But, the man is right and the littlest coin should be put out to pasture. Each penny costs 3.69 cents to make. Its value lost is 2.69 cents.That’s not a reasonable endeavor.

   According to economists (aka penny proponents) prices based on 99 cents when rounded off to $1.00 will impose a one-cent sales tax.

   Another fun fact is the nickel will become the lowest denomination in use. The old buffalo head/Liberty/Jefferson “half-dime” made from cupronickel cost 13.78 cents per coin to manufacture. The dime is the smallest coin whose face value is greater than what it costs to produce.So, what’s this all have to do with crypto currency? We will see. 

  But wait, there’s more…The Paper Straw Controversy begins. This is heavy Politics 101 for sure…enjoy your news cycle…

Oh, Ye, gentle mistresses and most distinguished gentlemen, and others… The opinions and observations are solely my own views, and I take full responsibility for any errors of fact, not to mention any predictions that prove to be wildly inaccurate.