
The Upcoming Showdown at the Fed, and Making Cents out of Eliminating the Penny
The Investopedia Express with Caleb Silver
The Case for Eliminating the Penny: Economic Implications and Historical Context
This chapter explores the debate surrounding the future of the penny, focusing on its rising production costs and declining use in cash transactions. It discusses the implications of potentially eliminating the coin, drawing comparisons to Canada's previous decision to remove the penny and its economic effects.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.