Thursday, February 01, 2007

Get rich quick

Pretty much all of the economics blogs are pointing to Austan Goolsbee's NYTimes commentary supporting revaluing pennies at 5 cents. Consider me a fan, if only because I have lots of pennies lying around and I would love to see them increase in value by 500%. Score one for lazy, packrats. This might actually provide sufficient incentive for us to find all the different jars, drawers, boxes, etc. overflowing with pennies and take them to the bank.

I think they'd only increase in value by 400%, mister....
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