Daily Article
Thursday, August 21, 2008
by
Tyler A. Watts
It turns out that the penny is an economic bellwether — an indicator of the long-term course of the US dollar and of the soundness of US monetary policy. The penny does have a story to tell. Like a canary in the coal mine of America's monetary system, the penny can warn of lurking inflationary troubles. The lowly penny indeed has economic relevance far beyond its size and value.
read more…