Document Type
Article
Abstract
There has recently been a call to eliminate the penny. Arguments for and against the proposal are presented. The evidence suggests that there would be a net gain if the penny were eliminated and prices were rounded on cash transactions. Unfortunately, the decision to do so is in the hands of politicians who are more interested in narrow self-interest than in the common good.
Publication Date
Spring 2006
Journal Title
Major Themes in Economics
Volume
8
Issue
1
First Page
1
Last Page
9
Copyright
©2006 by Major Themes in Economics
Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-No Derivative Works 4.0 International License.
Language
en
File Format
application/pdf
Recommended Citation
Meester, Steven
(2006)
"The Economic Implications of Price Rounding,"
Major Themes in Economics, 8, 1-9.
Available at:
https://scholarworks.uni.edu/mtie/vol8/iss1/3