Economist: Penny May Be Worthless, But Let's Keep It Anyway

Published: Monday, August 28, 2017 - 3:35pm
Updated: Monday, August 28, 2017 - 3:43pm
Audio icon Download mp3 (7.75 MB)

There’s been a debate for years about whether or not we should get rid of the penny.

The West Wing even broached the topic years ago. Are we any closer to getting rid of the penny?

Well, Sen. John McCain recently introduced legislation this year to eliminate minting of pennies. But, our next guest thinks that, even though the penny may be worthless, we should keep it anyway.

Jay Zagorsky is an economist at the Ohio State University, and I spoke with him more about this debate and why he thinks we shouldn’t get rid of Lincolns.

If you like this story, Donate Now!