Caity (Katie) Weaver

In this discussion, Caity Weaver, a culture writer at The Atlantic, explores the surprising decision to stop minting pennies. She delves into the 'perpetual penny paradox,' revealing how production costs vastly outweigh their value. Caity outlines the legal pathways that allowed the Treasury to make this decision and compares it to Canada’s effective penny phase-out strategy. She even speculates on the future of other coins and questions what a cashless society means for our beloved change.