Posts Tagged ‘penny’

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    Coin Matters

    Apr 27, 12 • 142 Views • Demand, Supply, and Markets, Economic History, Economic Thinkers, Households, Innovation, Labor, Money and Monetary Policy, UncategorizedNo Comments

    Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess we take change for...

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    Should We Keep the Penny?

    Apr 9, 12 • 197 Views • Economic Debates, Government, Households, Money and Monetary Policy, UncategorizedNo Comments

    Because cost is up and use is down, the Royal Canadian Mint stopped producing pennies and, during the fall, will stop distributing those that exist. Should we also eliminate the penny? Pennies are expensive. At 2 1/2 cents a piece, making and distributing...

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    An Annoying Penny

    Jan 16, 12 • 186 Views • Behavioral Economics, Businesses, Money and Monetary Policy, Thinking Economically2 Comments

    People do not want to pay $2.01 for a tall coffee at Starbucks. No, the problem is not the $2.00. The problem is the penny. Starbucks recently raised the price of a tall coffee to $1.85 in NYC. With tax, the total is $2.01. As a result, baristas are dipping...

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    A Plastic Penny?

    May 12, 10 • 129 Views • Government, Money and Monetary PolicyNo Comments

    How do you feel about the penny and the nickel? If you care about the federal budget, you might want to mint them more inexpensively. But, if you own a laundromat, you disagree.    Pennies are actually copper coated pieces of zinc while nickels are...