Monday, December 3, 2012

Current Currency

The Press Gannette reposts an AP article on eliminating the dollar bill.

Boo I say! But not for the reasons you might think. I say it doesn't go far enough. It's past time we got rid of the one and five dollar bills as well as pennies, nickles and quarters. Create reasonably cheap to produce dollar and fiver coins, keep the dime, and make a slightly larger 20 cent piece.

The penny, nickle, and quarter have served us well but the time has come when a penny costs more than a penny to produce.