Article arguing for keeping the lowly penny with reasons.

[west77]

I thought that people might be interested in this article. The author argues that saving the penny might act to prevent run away inflation... basically using zinc and copper as a "gold standard" to keep the bank of Canada in check.
http://www.theglobeandmail.com/report-on-business/commentary/neil-reynolds/an-easy-inflation-killing-idea-save-the-penny/article1866280/?source=patrick.net#masthead
From that article... “Instead of putting the valueless and worthless penny out of its misery,” he says, “we should rally behind it. The penny is dead! Long live the penny!”

[PennyPauper]

“Eliminating a result does not do away with the cause,” he says. “Ridding ourselves of the penny will not save us from the costs of our monetary system. It will impose additional costs [because] inflation will be increasingly less restrained.”

Some needed sanity in a insane world.Thank you for posting this.Everyone should read this.