“A penny saved is a penny earned” (Franklin). What does that mean for Americans today? When Benjamin Franklin made this statement, the penny was worth much more. In fact, a family could most likely buy something at the general store for a few pennies back then. The values of pennies in that time were the equivalent of the values of the more valuable coins today. In current times, however, you cannot buy much of anything. In fact, it is not worth the time it takes to save enough pennies to buy something. America should stop producing the penny because it costs more to make one than it is worth, pennies waste people’s time, and people are less likely to use the penny as much.
It costs more to make a penny than they are worth. According to William Huber, “As a result the cost of producing a penny has more than doubled since 2000” (Huber 7). This quote explains how the cost for producing a penny has doubled since 2000. It shows that it takes a lot of money to make a penny. The quote proves the thesis because the prices keep …show more content…
Hugh Stevens argues that “When every economic transaction ends in 5 or 0, commerce is more efficient, errors are diminished and bookkeeping is simpler” (Stevens A26). This states that if pennies are gone, then errors would be lower and the commerce would be more efficient. It is explaining how many more things in daily life would be simpler for people if they are gone. Akst believes that “Some economists have actually tried to calculate the cost of the time that is wasted counting out pennies and hoarding them and so forth” (Akst). The quote suggests that people are actually trying to get results on how much time is really wasted in people’s lives counting out these coins. This goes with the thesis because they are getting professionals to figure out how much time counting or searching for pennies takes. People waste their time collecting pennies to make a purchase when there is very little they can buy with a
It costs more to make a penny than they are worth. According to William Huber, “As a result the cost of producing a penny has more than doubled since 2000” (Huber 7). This quote explains how the cost for producing a penny has doubled since 2000. It shows that it takes a lot of money to make a penny. The quote proves the thesis because the prices keep …show more content…
Hugh Stevens argues that “When every economic transaction ends in 5 or 0, commerce is more efficient, errors are diminished and bookkeeping is simpler” (Stevens A26). This states that if pennies are gone, then errors would be lower and the commerce would be more efficient. It is explaining how many more things in daily life would be simpler for people if they are gone. Akst believes that “Some economists have actually tried to calculate the cost of the time that is wasted counting out pennies and hoarding them and so forth” (Akst). The quote suggests that people are actually trying to get results on how much time is really wasted in people’s lives counting out these coins. This goes with the thesis because they are getting professionals to figure out how much time counting or searching for pennies takes. People waste their time collecting pennies to make a purchase when there is very little they can buy with a