Tuesday, April 3, 2012

Canada Gets Rid of the Penny: Why That's a Good Thing (and Why Others Should Do It, Too)

The argument over the penny has gone on for a long time, but it's time to let it go. (Note: Because we've always done it that way isn't a good reason for pretty much anything. If that's the best anyone can come up with, that should tell you something). Here's one of my favorites, C.G.P. Grey explaining why this "goodbye to the penny" is a cause for celebration.

4 comments:

Mary Preston said...

We got rid of the 1 & 2 cent pieces in Australia some time ago. They are still talking about doing away with the 5 cents. Apparently it costs more to make them then they are worth.

Laney4 said...

We switched from bills to coins for $1 (loonie) and $2 (toonie) over a decade ago, and this has saved the government lots in printing costs (and weighted down my purse/wallet/pockets). I'm not going to lose any sleep over losing the pennies here in Canada. Life goes on....

Myrna Mackenzie said...

I wish we would get rid of ours (I'm open to nickels, too). I understand being sentimental, but there are plenty of things to be sentimental about. Hanging onto coins that most people just throw in a jar seems silly to me.

Myrna Mackenzie said...

Elaine, I haven't seen a loonie for awhile. It's been a few years since I crossed the border. Maybe one year soon...