Trump's Penny Policy: It makes sense to stop making cents

8 months ago 6

There’s an old saying that if you watch the pennies and nickels, then the dollars take care of themselves. President Donald Trump is taking that dictum to heart, ordering Treasury Secretary Scott Bessent to halt minting pennies because the government actually loses money on the coins.

Normally, printing currency and minting coins costs less than the face value of the money being created. For exam...

Source: https://www.foxnews.com/opinion/trumps-penny-policy-makes-sense-stop-making-cents

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