On Friday, Greg Mankiw again argued that it makes sense to get rid of the U.S. penny and quotes Treasury Secretary Hank Paulson saying it would make sense.  Part of the reason Mankiw wants to eliminate the penny is that it costs more than one cent to make it.

Some quick thoughts.

One of my biggest concerns about the ongoing mortgage situation is the continuing (or even growing) use of anecdotes about what brokers and lenders did to excuse homebuyers from taking any responsibility for their actions.