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.
Major Themes in Economics
©2006 by Major Themes in Economics
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"The Economic Implications of Price Rounding,"
Major Themes in Economics, 8, 1-9.
Available at: https://scholarworks.uni.edu/mtie/vol8/iss1/3