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Stop Making Cents: The End of the Penny

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Manage episode 486477779 series 2518362
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

- The Coronavirus Cash Crisis

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1514 episodes

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Stop Making Cents: The End of the Penny

The Journal.

1,963 subscribers

published

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Manage episode 486477779 series 2518362
Content provided by The Wall Street Journal. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Wall Street Journal or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

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

- The Coronavirus Cash Crisis

Sign up for WSJ’s free What’s News newsletter.

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

1514 episodes

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