Published Oct 11, 2020

Take the Penny, Leave the Penny

Explore the complex history and economic debate surrounding the U.S. penny with Gary Arndt, as he delves into its costly production, legislative challenges, and the forces keeping it in circulation despite valid arguments for its discontinuation.

Episode Highlights

Topics covered

Popular Clips

Episode Highlights

Related Episodes

The Monty Hall Problem
Answers 383 questions
The British Pound(s)
Answers 383 questions
The History of Money
Answers 383 questions
The Monty Hall Problem (Encore)
Answers 383 questions
Questions and Answers: Volume 27
Answers 383 questions
The History of Money (Encore)
Answers 383 questions
The History of Money (Encore)
Answers 383 questions
Paradoxes
Answers 383 questions
Counterfeiting
Answers 383 questions
British Currency Decimalization
Answers 383 questions
The Petrodollar System
Answers 383 questions
The Marginal Revolution
Answers 383 questions
Daylight Savings (Encore)
Answers 383 questions
Zeno's Paradoxes
Answers 383 questions
Fermat's Last Theorem
Answers 383 questions

Dexa/Everything Everywhere Daily

Take the Penny, Leave the Penny

Topics covered

Popular Clips

The Penny Paradox

The Penny's History

The Penny Problem

Episode Highlights

Penny's Historical Background

Economic Considerations

Current Challenges

Related Episodes

The Monty Hall Problem

The British Pound(s)

The History of Money

The Monty Hall Problem (Encore)

Questions and Answers: Volume 27

The History of Money (Encore)

The History of Money (Encore)

Paradoxes

Counterfeiting

British Currency Decimalization

The Petrodollar System

The Marginal Revolution

Daylight Savings (Encore)

Zeno's Paradoxes

Fermat's Last Theorem

Take the Penny, Leave the Penny

Topics covered

Popular Clips

Episode Highlights

Penny's Historical BackgroundGary Arndt explores the historical and economic significance of the U.S. penny, from its origins to its current status as a costly coin to produce. He examines the legislative background and international comparisons, questioning the penny's future in American currency.

Penny's Historical Background

Economic ConsiderationsThe penny's production cost now exceeds its value, prompting discussions on its future in U.S. currency. Gary Arndt explores the financial implications and international precedents for discontinuing low-value coins.

Economic Considerations

Current ChallengesThe debate over the penny's future is shaped by legislative inertia and powerful lobbying forces. Despite its economic drawbacks, the penny persists due to a combination of public indifference and industry influence.

Current Challenges

Related Episodes