Tuesday, February 05, 2013

Lobbyists trump common cents

The Star Tribune had an interesting article on Canada phasing out its one-cent coin: "Canada phasing out its penny; deems it a costly nuisance", Bob Gillies, Associated Press.  The U.S. has tried twice to do the same, but it never gets far in the House of Representatives.  "The U.S. zinc lobby has been a major opponent to suggestions that the penny be eliminated."

See also "Immigration and High-Tech Integration" for what Adam Smith has to say about special interests.