Bill Maurer

“They just said ‘Let’s get rid of it’ and moved on, but they’ve created a train wreck,” said Bill Maurer, director of the University of California, Irvine’s Institute for Money, Technology and Financial Inclusion. The last circulating pennies were minted in June …. “There’s been no announcement as to why,” Maurer said. “This was done without any planning or forethought as to what would happen and how it would cascade through the economy.”

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