The Scott Ross: Penny Wise, World Foolish: Pennies Never Cost A Cent

All the attention focused on how costly it is to make pennies is worth less than any piece of copper. For much of last year the most popular cited reason, the go-to justification for scrapping the penny was that making one costs more than what it’s worth. Simple economics, or even simple logic shows that ...

World Headlines Review: Debt Ceiling Debate is Moot: USG Owes More Dollars than in Existence

Image by Images_of_Money The current debate in Washington as to whether or not and under what conditions to raise the debt-ceiling has for the past week dominated global news coverage and the public mind.  Absent from the debate and mainstream coverage is a discussion of the debt limit in the context of the American monetary ...