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The Penny Debate: History and Future
This chapter examines the historical context and ongoing discussion regarding the production of the penny in the U.S., revealing the financial inefficiencies of minting it. The conversation further explores the viability of eliminating the nickel and transitioning to dollar coins, highlighting the political and economic factors influencing these decisions. Additionally, it addresses the challenges posed by cashless payment systems and the complexities of monetary policy in relation to public sentiment.