Production Of Pennies, Nickels Cost Taxpayers $105 Million In 2013

Production Of Pennies, Nickels Cost Taxpayers $105 Million In 2013

We all know that old coins can be very valuable and that saving your change adds up. But did you know that minting the low-value currency creates quite a tab for U.S. taxpayers? That’s because the cost to produce pennies and nickels is nearly twice as much as they are actually worth. [More]

(Quartz)

The Debt Ceiling Crisis Is So Much More Fun With Choose Your Own Adventure Scenarios

We’ve all heard about magic trillion-dollar coins and other fantastical scenarios to save the U.S. government from finally smacking its head against the debt ceiling, but trying to really understand the whole thing and what we’re in for if something can’t be figured out is kind of intimidating. Which is why we’re really glad someone came up with a “choose your own adventure” type to see exactly what we could be getting into. [More]

(yoshiffles)

Here’s Why Everyone Is Talking About The U.S. Government Minting A Trillion-Dollar Coin

No, you don’t need to clean out your ears or wipe your eyes in disbelief — the government is really considering minting a trillion-dollar coin in order to give it enough money to pay off its debts. It might sound ridiculous and like something that just shouldn’t or couldn’t be done, but it’s a very real possibility if Congress can’t agree to raise the debt ceiling. [More]