Phillip Diehl on the Demise of the Penny in the US Money Reserve

In the United States today there are many things that are open to debate. There are many ideas that officials have in order to improve this country, and some of these ideas are downright controversial. One idea which has been open to increasing debate in the present time would be the abolition of the penny. A recent interview on CNBC Sqwauk Box actually discussed this very issue. Philip Diehl, who is a former U.S. Mint Director and now the President of the U.S. Money Reserve was recently on the Sqawk Box news show and espoused a number of arguments for the abolishment of the penny.