The Happy Penny

August 7, 2025

Scott Daniels wrote:

Hi Lew,

Why stop at the penny or even the nickel? We should drop everything less than a dollar. Based on silver value, a quarter is the new penny, and based on gold value, the two dollar is the new penny. Let’s make it simple – make the dollar the new penny.Personally, I would prefer a return to coins, best done by redenominating the dollar by 100x, making a penny the value of today’s dollar. Other countries do it, why can’t we? Is it too dangerous to point out the emperor has no clothes? Alas, I can dream can’t I?

The Best of Llewellyn H. Rockwell, Jr.

Llewellyn H. Rockwell, Jr., former editorial assistant to Ludwig von Mises and congressional chief of staff to Ron Paul, is founder and chairman of the Mises Institute, executor for the estate of Murray N. Rothbard, and editor of LewRockwell.com. He is the author of Against the State and Against the Left. Follow him on Facebook and Twitter.