Cordelia Hebblethwaite of the BBC asks: The US penny: Should it be scrapped? [JWR’s Comment: The real solution is to admit the chronic inflation since 1933 and revalue the Dollar, by dropping a zero. Gasoline and milk would both then sell for around 33 cents a gallon, and a bottle of sodapop would again sell for a dime. This move would restore realism to the values of our pocket change. I also predict that it would spur a short term economic revival, since everything would seem inexpensive.]
Items from The Economatrix:
Signs We Are Approaching a Zombie Economy
Gerald Celente Interview: War With Iran Will Be Beginning of WWIII
AP Survey: High US Unemployment to Persist Well Into Next Presidential Term