The penny may be worthless, but let’s keep it anyway

There has been a growing war on cash in an attempt to curb terrorism and tax evasion.  Much of the focus has been on abolishing large bills, such as the decision to eliminate the €500 note from circulation.  However, politicians are also targeting smaller forms of money for elimination.  U.S. Senators John McCain and Mike Enzi introduced legislation in March 2017 to eliminate minting of pennies and switch the dollar from paper to a coin only. Continue reading