Anything worth talking about, is worth blogging about

Yesterday’s federal budget included a plan to gradually phase out the penny. It’s one of the few parts of the budget I agree with.

I won’t rehash the arguments I made when a Senate committee first recommended getting rid of the penny. To summarize, consumers will gain a small benefit, psychological pricing techniques will likely result in price ending with 99 cents becoming  a price ending with 95 cents, and the Royal Canadian Mint will no longer lose money by making it.

Getting rid of the penny is a good idea.

Advertisements

Feel free to leave a reply.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Tag Cloud

%d bloggers like this: