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Stop Making Cents: The End of the Penny
Manage episode 486477779 series 2518362
Minting one penny costs the United States nearly four cents. After 233 years, the Treasury Department has decided to phase out the coin. This will mean that businesses will have to round cash transactions up or down, and some fear it could lead to inflation. We reminisce about the cultural significance of the one-cent coin with WSJ’s Oyin Adedoyin and discuss the pro-penny stance with an advocate. WSJ’s Jessica Mendoza hosts.
Further Listening:
- The Fight Over Your Credit Card Swipe
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
1514 episodes
Manage episode 486477779 series 2518362
Minting one penny costs the United States nearly four cents. After 233 years, the Treasury Department has decided to phase out the coin. This will mean that businesses will have to round cash transactions up or down, and some fear it could lead to inflation. We reminisce about the cultural significance of the one-cent coin with WSJ’s Oyin Adedoyin and discuss the pro-penny stance with an advocate. WSJ’s Jessica Mendoza hosts.
Further Listening:
- The Fight Over Your Credit Card Swipe
Sign up for WSJ’s free What’s News newsletter.
Learn more about your ad choices. Visit megaphone.fm/adchoices
1514 episodes
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