Death to Pennies
CGP Grey2 HN recommenders · recommended in 2 months, 2012-2023
10.7M views · 14 years ago · explainer · evergreen
CGP Grey's short animated argument for abolishing the US penny, covering its cost and history.
Pointed to as the canonical concise case against pennies whenever coin abolition comes up.
1:53Buy, Borrow, Die: How America's Ultrawealthy Stay That Way
ProPublica
475K views • 5 years ago
4:36Don't Be the Last Person to Die
CGP Grey
8.2M views • 9 years ago
29:55The Collapse of The American Dream Explained in Animation
doctordude
11M views • 15 years ago
4:31The True Cost of the Royal Family Explained
CGP Grey
6.8M views • 15 years ago
8:44MMO Economies - Hyperinflation, Reserve Currencies & You! - Extra Credits
Extra Credits
1.5M views • 9 years ago
2:44:46Prof. Timur Kuran on "The Portal", Episode #004: "The Economics of Revolution and Mass Deception."
Eric Weinstein
220K views • 7 years ago
58:53Pounds, shillings, and pence: a history of English coinage
Lindybeige
1.2M views • 5 years ago
1:26:04Milton Friedman Speaks: Money and Inflation (B1230) - Full Video
Free To Choose Network
1.5M views • 10 years ago
4:27The Voting System That Should Replace Every Election
CGP Grey
4.7M views • 15 years ago
3:29David Mitchell on Tax Avoidance from The Last Leg
Political News
458K views • 10 years ago
6:49Quantitative Easing Explained
malekanoms
6.4M views • 15 years ago
49:31Black Wednesday (BBC 1997)
batrachious
1.1M views • 13 years ago
6:30You Lose an Hour of Sleep to Save $4
CGP Grey
12.6M views • 15 years ago
2:05Should The Government Stop Dumping Money Into A Giant Hole?
The Onion
4.8M views • 17 years ago
4:48London Swallowed a City but Couldn't Digest It.
CGP Grey
8.6M views • 14 years ago
2:31:44This is Financial Advice
Folding Ideas
8.4M views • 3 years ago
0:56Don't Buy Bitcoin. It's Going To Crash!!!
Alex
856K views • 11 years ago
18:01How the Fed's "Money Printer" Really Works
Ben Felix
438K views • 6 years ago
47:08Money as Debt - Full Documentary
Free Your Mind
226K views • 13 years ago
8:43Fight of the Century: Keynes vs. Hayek - Economics Rap Battle Round Two
Radical Discourse
5.9M views • 15 years ago
4 comments from Hacker News
This already happens with cents. Your tax frequently comes out to a fraction of a cent, and it gets rounded to the nearest cent. The US used to have a half-penny coin. It stopped being minted in 1857. The purchasing power of the half-penny at the time was about as much as a quarter has today. It wouldn't be crazy to get rid of all coins worth less than 25¢ and round all purchases to the nearest quarter. Obligatory CGP Grey: ▶ this video
All I want is for all paper cash to be plastic so I can wash the covid off of it. I support getting rid of the penny, but I feel that plastic cash would make more of a difference. CGP Grey has a wonderful video on the penny, he is my favorite YouTuber. ▶ this video
They've done some of that in the past. The United States had a half-cent coin until 1857. When it was coin was eliminated, it was more valuable than the penny is today[1]. There is also a US $1 coin. They were widely used in Equador when I visited in 2005, because their currency was pegged to the US dollar. I spent a day in Miami on my way back home and I left a few as tips. People were very confused by them. It seemed kind of funny to me that a US coin was more commonly used outside the US than inside. [1] See CPGrey's "Death to Pennies". ▶ this video
CGP Grey has an excellent youtube video on the whole issue for the US. The US currently makes 4 billion 1 cent coins annually. And they have already been abolished at US military overseas bases. ▶ this video (Come to think of it, doesn't the US military use a lot more metric system than the general population. If so, this would be a good reason to increase the military since it would appear to be the only way progress happens!)