but then we'll have to deal with the nickel issue...

Asked Friday whether he thought the penny should be eliminated, [Treasury Secretary Henry] Paulson agreed that it would make sense, saying, "The penny is worth less than any other currency."

Well, umm... I'm sure there are good reasons to consider getting rid of the penny, but I don't think that's one of them.

AP Article

Comments

Tim Smith said…
it's conceivable that he meant "in the world," but he'd be wrong -- the cent is still stronger than the yen!
http://www.google.com/search?hl=en&safe=off&rls=GGGL%2CGGGL%3A2006-36%2CGGGL%3Aen&q=yen+in+US+cents&btnG=Search
10:35 AM
Sarah said…
I hadn't considered that he might have meant globally, but yeah... as another example, 5 Nicaraguan centavos (they don't have 1 centavo coins) are worth one fourth of a penny.
11:18 AM
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