Why Pennies?
In this week’s blog I stray away from my workings at the USSU and write about something a little different, although it’s still related to money and finance. Here is an interesting video I came across about the penny. This video is focused on the American situation with the penny, but I feel safe saying that most of what is said would apply to Canada as well.
I had come to a similar conclusion about the penny myself, but this video does good job at laying out the history and explaining why it exists and why now it shouldn’t. I for one cannot remember the last time I paid for something using small change. I always take it out of wallet as it weighs it down and never gets used. I put all my small change in a jar on my dresser and once a year when Change in a Diaper comes around Edwards School of Business I donate it to that.
This video is more interesting than anything else as this is not something I ever remember being in the national dialog, but perhaps can give you something to consider if it ever does come up.
Good luck on your finals and I hope you enjoyed this on your study break.
Reid
