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A simple look at why Canada is smart to get rid of the penny

Apr 5, 2012 By Abraham

I’ve seen around online for the last few days that Canada has decided to get rid of their penny. A good move, of course. Still, I wasn’t quite interested enough to actually read or watch anything about it, until I noticed just now that C.G.P. Grey did a video on it.

His work is always fun and instructive…

Two more videos about why the penny is a terrible thing to keep around…


  1. Lee Shelton says:

    What I don’t like about the video is that it doesn’t address the underlying cause of the devaluation of the penny and other forms of currency: government monetary policy. Eliminating the penny is also the first step toward forcing consumers into a cashless economy. After all, cold, hard cash is just to difficult to track.

  2. me says:

    Great…lets give a company that sells one billion .95 cent items free reign to steal 5 cents per item, by rounding up because of pennies. Think about how much money that adds up to after a while…..

    1. CaughtOnFireOnce says:

      exactly man…. i mean, i don’t do much with my pennies, but they are my pennies.

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