Donald Trump, that terrible per son, has just done away with production and distribution of the first coin ever pro duced by the U.S. Mint, the penny. Trump, who got a smattering of an edu cation at the Wharton School of Finance at Pennsylvania, can add and subtract, something that few politicians seem ca pable of.
It costs almost four cents to make a penny.* To use them is sense less, what can you buy for a penny? A nickel, A dime? Nothing. The currency has been debased so badly by Congress and past presidents that we are slowly but more rapidly going the way of Bolivia, Zimbabwe, and Germany in the early 1920s.
When we write a check for some expenses, especially medical, it is hard to get all the information in the written section unless you scrunch it down. If you are of advanced age, this is difficult.
When you say, "A penny for your thoughts?", now, you actually mean you really don't care a rat's behind about the person you are addressing.
The real solution to the problem of government driven inflation is to rein in spending, fat chance of that happening.
We have to admit defeat and the only solution that makes sense and brings the penny back is to lop off a deci mal from our dally life. Instead of gaso line costing $3.149 a gallon, it would be back to 1950s prices of 31.9 cents. (We have to keep the point nine, what would we do without it?)
*Even worse, it costs 14 cents to make a nickel.
