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One of the unexpected side effects of the coronavirus pandemic has been a lack of coins circulating around the economy. Pocket change is at a premium as many businesses remain closed and the United States Mint operates at limited capacity. This development lends itself to a related discussion: the long-overdue elimination of the one-cent coin, which loses tens of millions of dollars for the Treasury each year, and the broader "war on cash."
By Everett Millman4.9
1111 ratings
One of the unexpected side effects of the coronavirus pandemic has been a lack of coins circulating around the economy. Pocket change is at a premium as many businesses remain closed and the United States Mint operates at limited capacity. This development lends itself to a related discussion: the long-overdue elimination of the one-cent coin, which loses tens of millions of dollars for the Treasury each year, and the broader "war on cash."