A recent Shaftesbury Society talk on the future of the penney by Robert M. Whaples, professor of economics at Wake Forest University and an expert on the history of the U.S. economy, caught the attention of the media. It doesn’t look good, according to Professor Whaples. On Newswise and Consumeraffairs.com, Whaple said that the U.S. loses roughly $900 million a year on penny production and handling. And though the livelihood of the penny may be waning, John and I will wonder about Penny Lane.
