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Citizens For Retiring the Penny

Stop and Smell the Pennies

It seems like one by one, the penny haters are emerging from the cracks and making their stance known. First it was Treasury Secretary Henry Paulson, then Senator Barack Obama, and most recently Stephen Colbert interviewed Jeff Gore who's the founder of Citizens for Retiring the Penny. His main arguments against the penny are that it costs more than a penny to make a penny and that it takes a lot of time to handle the penny during cash transactions. Colbert and Gore address corresponding issues like how we'd adapt to life without pennies and the fate of take-a-penny-leave-a-penny dishes. Watch:

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