From Pine View Farm

Penny Wise, Pound Foolish 0

Or something like that.

Duncan wonders why the Secretary of the Treasury believes that getting rid of the penny would be politically impossible.

I have a theory.

Does anyone seriously believe that, if the penny disappeared, prices would be rounded to the nearest nickel?

Noooooooooooooooo, Inflation Breath.

Our Wonderful American Business Community(tm) would, without doubt, round everything up.

Remember, this is the same Wonderful American Business Community(tm) that thought Liar’s Loans were a wonderful idea.


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