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Currency
Question
1
#116309
The Penny has outlived its usefulness. It is too expensive to produce and a waste time to use.
Immediately related elements
How this works
-
Argumentation and Debate - 49335 »
Argumentation and Debate - 49335
Argumentation and Debate - 49335☜☜F1CEB7
▲
Katie Leffel »
Katie Leffel
Katie Leffel☜☜D3B8AB
■
Currency
Currency☜The Penny has outlived its usefulness. It is too expensive to produce and a waste time to use.☜FFB597
●
Pennies are valued for more than the cost of minting them (Rebuttal) »
Pennies are valued for more than the cost of minting them (Rebuttal)
Pennies are valued for more than the cost of minting them (Rebuttal)☜☜59C6EF
●
People often throw away their pennies (grounds) »
People often throw away their pennies (grounds)
People often throw away their pennies (grounds)☜☜59C6EF
●
Producing a penny now costs about 1.7 cents (grounds) »
Producing a penny now costs about 1.7 cents (grounds)
Producing a penny now costs about 1.7 cents (grounds)☜☜59C6EF
●
USpennies , minted after 1982, are worthless »
USpennies , minted after 1982, are worthless
USpennies , minted after 1982, are worthless☜☜59C6EF
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+Citations (
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[1]
The Penny Dreadful
En citant:
By David Owen - The New Yorker, March 31,2008
Cité par:
Cathreen Leffel
5:10 AM 29 August 2011 GMT
Citerank:
(2)
116320
People often throw away their pennies (grounds)
9
59C6EF
,
116552
Pre 1982 pennies are higher in copper and more valuable (qualifier)
10
9FDEF6
URL:
http://www.newyorker.com/reporting/2008/03/31/080331fa_fact_owen
Extrait -
"Producing a penny now costs about 1.7 cents. Since the Mint currently manufactures more than seven billion pennies a year and "sells" them to the Federal Reserve at their face value, the Teasury incurs an annual penny deficit of about fifty million dollars - a condition known in the coin world as "negative seigniorage."
Link
[2]
The Useless Penny
En citant:
Robert Blumen - Mises Economic Blog
Cité par:
Cathreen Leffel
5:16 AM 29 August 2011 GMT
URL:
http://blog.mises.org/8143/the-useless-penny/
Extrait -
"As the value of these coins declines to ever smaller amounts, the cost of manufacturing small, nearly worthless coins is increasing, as is the amount of our time spent keeping track of them and searching for them in checkout lines"
+About
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Entrée par:
Cathreen Leffel
NodeID:
#116309
Node type:
Issue
Date d'entrée (GMT):
8/29/2011 5:01:00 AM
Date de la dernière modification (Heure GMT):
9/6/2011 9:25:00 PM
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