Opinion: Should the United States just abandon use of the lowly penny? [Opinion]
While this won’t solve all the coin shortages we’re experiencing, I think it’s time to end the penny for cash purchases.
When I was stationed in South Korea around 1996, the U.S. government ended the use of the penny on bases there and everything was rounded up to or down to a nickel. That was 26 years ago.Given inflation, and despite the nostalgia of the one-cent piece, it’s time to move past the penny.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China: America Should 'Apologize' for Afghanistan's Massive Drug IndustryThe Chinese Foreign Ministry blames the United States for Afghanistan’s vast narcotics industry and demandes reparations.
Read more »
Climate change — four decades of missed opportunitiesA new book, 'Fire and Flood: A People’s History of Climate Change...' could hold lessons for the energy emergency
Read more »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Read more »
Sticker shock: Inflation in United States likely set new 40-year high in MarchWith ever-rising costs for food, gasoline, housing and other necessities squeezing consumers and threatening the economy, inflation in the United States likely set yet another four-decade high in March.
Read more »
Sticker shock: Inflation in United States jumped 8.5% in past year, highest since 1981Inflation soared over the past year at its fastest pace in more than 40 years, with costs for food, gasoline, housing and other necessities squeezing American consumers.
Read more »