Archives for pennies

Fight Spam With Pennies

Fight spam by donating to your favorite charity. That’s how researchers at Yahoo are hoping to convince people to put a virtual one-cent stamp on their outgoing e-mails. Sending a penny-stamped e-mail through Yahoo’s (not yet released) CentMail program would automatically mark it as “real mail” and get it past any spam filters. Read More »

Finally, a Use for Pennies!

I never set out to be anti-penny, but somehow it happened, and I have gone on the record more than a few times arguing that the penny should be eliminated.

While I stand by my belief that the penny is lousy as currency, someone has finally come up with a use for pennies that has made me reconsider my extinction argument: make a floor out of them! Read More »

Yet Another Reason to Hate the Penny?

Readers of this blog may recall Dubner’s crusade against the penny due to opportunity cost as well as the high actual cost of producing pennies. Now Slate takes a look at another currency question: is cash or credit more environmentally friendly? The article doesn’t manage to answer the question, but it does point out the […] Read More »

Now This Would Have Been a Nice Federal Budget Cut

I have nothing against Abraham Lincoln — quite admire him, in fact — but I do think the penny has long, long, long outlived its usefulness.

I have said this time and again and, having been woefully ineffective in bringing about its end, vowed to shut up about it. Read More »

Pennies: Enough Already!

Photo: Odalaigh Whenever I travel in other wealthy countries, I am a bit embarrassed about the dollar bill’s insignificance compared to other countries’ smallest bills: a 5-pound note is worth $9; a 5-euro note is worth $7; a 1,000-yen note is worth $9. At the same time, no rich country has a coin as worthless […] Read More »

Who Cares About Pennies When There’s Candy?

In Argentina, buying a pack of gum can throw you into a standoff with the cashier, who, due to the country’s coin shortage, often lacks the correct change. Facing similar problems, nearby Paraguay has adopted a socially acceptable solution for vendors: when you don’t have change or need to round up, candy is acceptable currency. […] Read More »

And While You're at It, Toss the Nickel

Producing a penny costs about 1.7 cents, and the Treasury’s annual penny deficit is about $50 million, according to a New Yorker article by David Owen. Yet folks — and some companies — still want the penny around, in part because they fear merchants rounding up prices and increased reliance on the even more expensive […] Read More »

The FREAK-est Links

Treasury Secretary in favor of axing the penny. (Earlier) Free books online: the debate continues. (Earlier) Are lawsuits the next phase in the fight against global warming? (Earlier) Reducing class sizes isn’t enough to fight achievement gap. Read More »