Thursday, February 21, 2008

60 minutes sees it my way.

Ever since I returned from Australia and New Zealand, both countries that no longer have pennies, I have joked about creating a petition to abolish the U.S. penny. While I don't think that's actually going to happen, I came across a 60 Minutes segment which discusses the fact that pennies cost way more to make than they are worth, an argument that I use (in addition to the fact that pennies are worthless wastes of space). You can check out the segment here. They mention that nickels, my second least favorite coin, are also unsustainable to produce.

On a related note, my buddy Greg has decided to champion the cause of the $1 coin, a notion which I second...except for the fact that I lose so much change from my pockets that I would probably lose a fortune under my car seat. This was also inspired from our travels abroad, where coins seem to actually have value.

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