Archive for the ‘Penny’ Category

In Need of Change

December 1, 2011 1 comment

The crusade continues. Another great argument to kill the penny:

(Previous posts: here & here)

Categories: Penny

Pinch The Penny

September 12, 2010 Leave a comment

Keep up the good fight!

(h/t Freakonomics)

Categories: Freakonomics, Penny Tags: ,

We need less common cents.

December 16, 2009 Leave a comment

As I’ve argued before, the penny needs to go. The New Republic makes the case that President Obama should follow through with his campaign promise to consider abolishing the penny.

[T]he other (arguably stronger) case for abolishing the penny–saving time lost to fumbling cashiers–remains as solid as ever. Considering that pennies add 2 to 2.5 seconds to each cash transaction, economist Robert Whaples has calculated this country’s penny-induced productivity loss at $300 million annually. Former Bush economic adviser Gregory Mankiw puts the figure at $1 billion, while anti-penny activist Jeff Gore argues that it’s actually in the neighborhood of $10 billion.

Now that pennies cost more to make than they are worth there is every reason to rid our monetary system of this zinc-plated environmental disaster.
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