In The Age Of Pennemies

by Zoë Pollock

Tim Cavanaugh adds his two cents to the anti-penny rant:

While everybody talks about the government “printing money” to fight the recession, in reality there has been less physical money produced since the start of the credit unwind. Weller notes that many fewer coins are minted during slow economic times, because people open their penny jars and put those coins back into circulation. “You can almost plot GDP and coin production along parallel lines,” he says. ...

Will the penny survive? On one hand you have economists with their fancy book learnin’, and on the other you have generations of retailers who know pricing items with 99-cent suffixes still gets people to part with cold, hard cash. It may be stupid, but I don’t trust anybody who leaves a penny on the ground.

Despite all evidence to the contrary, I can't help but agree.

2006-2011 archives for The Daily Dish, featuring Andrew Sullivan

Life as an Obama Impersonator

"When you think you're the president, you just act like you are above everybody else."

Join the Discussion

After you comment, click Post. If you’re not already logged in you will be asked to log in or register.

blog comments powered by Disqus

VIdeo

Life as an Obama Impersonator

"When you think you're the president, you just act like you are above everybody else."

Video

Things Not to Say to a Pregnant Woman

You don't have to tell her how big she is. You don't need to touch her belly.

Video

Maine's Underground Street Art

"Graffiti is the farthest thing from anarchy."

Video

The Joy of Running in a Beautiful Place

A love letter to California's Marin Headlands

Video

'I Didn't Even Know What I Was Going Through'

A 17-year-old describes his struggles with depression.

Just In