Some people are in favour of retiring the penny. Among the arguments is that it costs more to manufacture than it is worth.
Others want to keep it, noting that the metals in the penny have risen in value.
Whichever stance you take, this particular argument is irrelevent. A penny is worth one cent if you keep it, or if you spend it. However, it does not lose its value in being spent. The true value of the penny in the economy is reflected in the number of transactions. In that respect, it’s worth much more than a cent.
So let’s retire that argument, not the penny!
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