- #1
Thread Owner
& Nickels Too !
Someday, probably within your lifetime, the one-cent coin will go away. The penny, the first coin minted in the United States, was obviated by inflation before most members of today’s work force were born. Its production cost is more than half again as much as its face value. Its detractors include respected economists, forward-looking realists, and coastal cosmopolitans; its supporters consist largely of sentimentalists, hoarders, the zinc lobby, and the dwindling number of women named Penelope.
Campaigners against the penny deploy the language of reason exasperated by mulish cant. Freakonomics co-author Stephen J. Dubner uses his New York Times blog to sniff at the “nostalgia,” “inertia,” and “ridiculous pro-penny defenses” of Abe Lincoln fans stricken with “pennycitis,” opining that pennies are best used as floor tiling at hipster bars in Manhattan’s meatpacking district. In a YouTube rant, anti-pennyist John Green denounces pennies as “bacteria-ridden disks of suck that fail to facilitate commerce.”
To earn the federal minimum wage as a penny collector, you’d have to stoop and pick up one coin every five seconds.
http://reason.com/archives/2010/12/24/penny-reign
Someday, probably within your lifetime, the one-cent coin will go away. The penny, the first coin minted in the United States, was obviated by inflation before most members of today’s work force were born. Its production cost is more than half again as much as its face value. Its detractors include respected economists, forward-looking realists, and coastal cosmopolitans; its supporters consist largely of sentimentalists, hoarders, the zinc lobby, and the dwindling number of women named Penelope.
Campaigners against the penny deploy the language of reason exasperated by mulish cant. Freakonomics co-author Stephen J. Dubner uses his New York Times blog to sniff at the “nostalgia,” “inertia,” and “ridiculous pro-penny defenses” of Abe Lincoln fans stricken with “pennycitis,” opining that pennies are best used as floor tiling at hipster bars in Manhattan’s meatpacking district. In a YouTube rant, anti-pennyist John Green denounces pennies as “bacteria-ridden disks of suck that fail to facilitate commerce.”
To earn the federal minimum wage as a penny collector, you’d have to stoop and pick up one coin every five seconds.
http://reason.com/archives/2010/12/24/penny-reign