this post was submitted on 17 Feb 2025
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CGPGrey
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I hate Trump (really I do), but I can't argue with this. Inflation happens; stamping out a piece of copper alloy has lots of fixed costs. We used to have a half cent coin. Things change.
The real question should be "why do they have to print so many pennies every year?" Paper bills last an average of 18 months before they need to be replaced, but coins don't typically wear out. Where are these pennies going?
The argument against this is that it’s illegal.
Congress passed a law requiring the minting of pennies. Trump can’t unilaterally order their end.
The video covers exactly this in less than 10 minutes.
At least watch it.