It’s common knowledge by now (I hope) that a penny (1 cent) costs more than 1 cent to make. With that being said… WHY DOES AMERICA STILL PRODUCE THEM??
One of my favorite youtubers John Green (who’s also an amazing writer) had the opportunity to hang out with President Obama on Google+ today and he asked him the same exact question. The discussion about the penny prompted this article on Yahoo! which quoted most of the important parts of President Obamas answer like “It’s one of those things where I think people get attached emotionally to the way things have been,” the president said. “We remember our piggy banks and counting out all the pennies and then taking them and getting a dollar bill or a couple of dollars.” (More quotes and detail in the article and video of the hangout – links above-).
To be honest, the United States is holding on to too many things because they’re “attached emotionally” to them, to a point where common sense doesn’t matter. After all, the two biggest concerns I hear with regards to getting rid of the penny are: 1) “will prices of products be rounded up or down?” and 2) “The ‘change problems’ that says: if you owe $2.97 and paid $3.00, do you get 5 cents back or no change at all?” While both concerns aren’t something to be ashamed to ask, after all I believe that it would be nice to have an answer for these questions if the people truly wanted them… but they don’t. These “concerns” aren’t really that critical to the American population… Most people don’t care for change. Just today I found over 8 cents in pennies and nickles on the street… These seem like a couple of excuses more than actual concerns. So I decided instead of trying to answer these questions rationally, to depict a few scenarios in which these problems arise in some shape or form and provide a reaction to these scenarios in similar ways to the ways most people would handle these scenarios: