Trim the Budget by Killing the $1 Bill

August 11th, 2011

MoneyI’ve never understood the US government’s reluctance to retire the $1 bill in favor of the $1 coin. The GAO estimates this would save $5.5 billion over 30 years. And while we’re discussing money, wouldn’t it make sense to kill the penny as well—inflation has made them pretty useless, and they cost more than a cent to manufacture.


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