What’s the best argument against abolishing the penny?
@erikbryn When was the last time you even touched a penny. Probably haven’t used one in 5 yrs.
@erikbryn Money is not a commodity. (Destroying money is a crime in a lot of countries)
@erikbryn The best argument make some sort of appeal to tradition and nostalgia, but like all other arguments in favor of the penny it's not very convincing.
@erikbryn Here I argue that the physical handling aspect ("time is money") of the penny may be a larger cost than the physical production cost. x.com/glennluk/statu…
@erikbryn Here I argue that the physical handling aspect ("time is money") of the penny may be a larger cost than the physical production cost. x.com/glennluk/statu…
@erikbryn Complement to the strategically-important penny loafer industry; they bring luck; something needs to fill that giant mason jar on the counter; ABE LINCOLN!
@erikbryn er, reaching here, might as well keep the penny until we get technologically-enabled wildcard digital bearer coins – "aennies" – to sunset all other loose change? see: news.ycombinator.com/item?id=386671…
@erikbryn So headline writers get to use “Penny Dropped”