Canada Gets Rid of the Penny (Huzzah!)
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Hello Internet,I want to talk about Canada who this week made my reason-to-like her list one item longerby deciding to abolish the penny.Since I previously made a video called 'Death to Pennies' it should come as no surprisethat this move gets a big 'Go Canada!' from me.So lets take a moment to cheer Canada for her economic rationalism, look at how gettingrid of a coin works in practice, and remind her sister to the South why she might wantto do the same.Canada's plan is pretty simple: in a couple months the Royal Canadian Mint will switchthe penny making machine from on, to off. That's it.Pretty much nothing else in the world is going to change. Pennies will still be be legaltender in Canada, so that jar of several hundre...
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Hello Internet,I want to talk about Canada who this week made my reason-to-like her list one item longerby deciding to abolish the penny.Since I previously made a video called 'Death to Pennies' it should come as no surprisethat this move gets a big 'Go Canada!' from me.So lets take a moment to cheer Canada for her economic rationalism, look at how gettingrid of a coin works in practice, and remind her sister to the South why she might wantto do the same.Canada's plan is pretty simple: in a couple months the Royal Canadian Mint will switchthe penny making machine from on, to off. That's it.Pretty much nothing else in the world is going to change. Pennies will still be be legaltender in Canada, so that jar of several hundre...
