More on the Penny Debate

There is a new article here by economist Henry Aaron about the benefits of dropping the penny and the nickel.  Though he rehashes some of the same arguments, he does a good job of chewing holes in the main arguments of the penny lovers. In response, there is a new article here by Brian Domitrovic bringing up the glory days of the gold standard in our coinage.  I like some of his points, but trying to go back to the way things were back in the good old days are a fiscal and monetary impossibility.  Though I do agree that the government needs to turn off the money printing machine for a while. We're in a dangerous downward spiral which the current actions are not helping to turn around.