Pitiful but true: it's now costing more to produce a US penny than its face purchasing power. Same for the nickel. Are these humble coins worth keeping around? Should we shift to a cheaper American alloy or phase them out entirely? A penny for your thoughts . . . 'cause them's my two cents.
Book to check out: Fareed Zakaria, The Post-American World (2008), aka "The Rise of the Rest." Brand new, though it may cost quite a pretty penny.
In another Weegee shot for the ages, a modern woman (1939) examines a copy of Apes, Men & Morons by Earnest Hooton (1938). Drop the Nazi-like racism, keep the title for fictional dialogue and above all, spare your brother a dime. . . . .
Option B for the Great Recession of 2008, from A Charlie Brown Christmas (December 9, 1965):
Sally Brown: Please note the size and color of each item and send as many as possible. If it seems too complicated, make it easy on yourself -- just send money. How about tens and twenties?
Charlie Brown: Tens and twenties? Oh! Even my baby sister!
Sally Brown: All I want is what I have coming to me! All I want is my fair share!
Today's Rune: Warrior.
I just read a bit of this in the Asian edition of Newsweek. It's interesting, living where I do and working this community, how little people really care about the US. We're kind of irrelevant.
ReplyDeleteIf you chuck them then everything [rice wise round up to the nearest dim or two dimes if you account for taxes.
ReplyDeleteKeeping them for making change is good, saving them until they amount to a dollar is better.
Peace
mark
Hi Erik. I have been . . .? around, I guess one could say. Thoughts astounding. Creativity abounding. Life has been "different." I can't seem to recognize most of my life these days.
ReplyDeleteThat all being said . . . I love this post! I heard about the penny situation, but not the nickel dilemma.
It is a bit frightening to rid our currency of the small coins. What does this really say about the state of our economy?
'A penny saved is a penny earned.' No pennies - no savings? No earnings? ? ?
Although, I do hate those price endings of .99 cents - annoying.
I have an old jar of pennies earned, found, saved. I can't disrespect that copper cent so I am in all terms of the word, "a penny saver." I save the poor little thing from the washer, the sidewalk, the bottom of boxes and my purse . . . etc! LOL
Hope you are well and enjoying this flirtatious spring.
Lindy ;)
I'd phase out the penny and make the nickle from something cheaper.
ReplyDeleteI saw Fareed Zakaria on the Daily Show and thought the discussion about his book was interesting. The transition to a global outlook certainly seems to confirm the "interesting times" notion. We are in a time of tough transition with many growing pains.
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