Should the penny (and other low-value money) be abolished?

Axis: abolish ... keep

John

date	change	position	video
2010-09-06	new	John argues the US should abolish the penny (and the nickel), keeping only dimes, fifty-cent pieces and dollar coins: pennies cost more than they are worth and fail to facilitate commerce.	I HATE PENNIES!!!! (Also Nickels.) 00:01:34
2010-11-16	restate	John repeats, as he has argued before, that pennies are stupid, cost hundreds of millions a year and should be abolished, though that would not fix the deficit.	Hey! You! Fix the Budget! 00:01:57
2011-07-08	restate	John restates his case against the penny: it costs more than a cent to make, doesn't work as money, and the Netherlands dropped it with no harm.	Kill the Dollar Bill! 00:00:47
2011-07-08	refine	John extends his case to the one-dollar bill: replace it with existing $1 coins and new $2 coins, saving money and boosting spending via the denomination effect.	Kill the Dollar Bill! 00:02:01
2011-07-22	restate	John says status quo bias is the only reason pennies remain; a coin worth a hundredth of a dollar is as insane as one worth a thousandth.	Your Yard Is EVIL 00:02:05
2012-04-03	restate	John contrasts Canada dropping its penny with the US keeping pennies that cost 2.1 cents to make, and declares he hates pennies.	Idiotic Governance: How Our Political Discourse Hurts Our Economy 00:00:10
2013-02-12	restate	John: Canada got rid of its one-cent coin and nothing bad happened; how do we still live in a world with pennies?	Talking to the President 00:01:39
2013-02-15	restate	In the interview clip John tells Obama almost all economists agree the US should stop minting pennies and asks why it hasn't been done.	Baby, Harlem, Obama, Dance Crazes, Big Week 00:01:53
2013-02-19	restate	John hails a sitting President acknowledging that pennies are a terrible idea and a metaphor for what's wrong with government.	Doing Things, On the Importance of 00:00:14
2013-03-12	restate	John jokes the sequester is even more embarrassing than the US continuing to mint pennies.	Understand the Sequester (Spoiler: It's Bananas.) 00:05:41