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

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well. Bestselling author Mark Bittman teaches James Hamblin the recipe that everyone is Googling.

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

How to Cook Spaghetti Squash (and Why)

Cooking for yourself is one of the surest ways to eat well.

Video

Before Tinder, a Tree

Looking for your soulmate? Write a letter to the "Bridegroom's Oak" in Germany.

Video

The Health Benefits of Going Outside

People spend too much time indoors. One solution: ecotherapy.

Video

Where High Tech Meets the 1950s

Why did Green Bank, West Virginia, ban wireless signals? For science.

Video

Yes, Quidditch Is Real

How J.K. Rowling's magical sport spread from Hogwarts to college campuses

Video

Would You Live in a Treehouse?

A treehouse can be an ideal office space, vacation rental, and way of reconnecting with your youth.

Just In