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What Next | Who Killed the Penny? She Did.

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Slate Podcasts

News, Business, Society & Culture

41.1K Ratings

🗓️ 20 November 2025

⏱️ 27 minutes

🧾️ Download transcript

Summary

People have been talking about how the penny is more trouble than it’s worth for 50 years—so why drop it now? And—other than having nothing to put in our loafers—will it be missed?  Guest: Caity Weaver, writer at The Atlantic. Want more What Next? Subscribe to Slate Plus to access ad-free listening to the whole What Next family and across all your favorite Slate podcasts. Subscribe today on Apple Podcasts by clicking “Try Free” at the top of our show page. Sign up now at slate.com/whatnextplus to get access wherever you listen. Podcast production by Elena Schwartz, Paige Osburn, Anna Phillips, Madeline Ducharme, and Rob Gunther. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

When Atlantic writer Katie Weaver heard earlier this month that the U.S. Treasury would no longer be minting pennies, she had a very personal reaction to the news.

0:17.5

At first I was like, did I... Oh no, did I do that?

0:22.9

Did I kill the penny?

0:25.8

Honestly, I think I did.

0:29.0

I'm pretty sure I did.

0:32.3

Katie thinks she might be to blame for this turn of events.

0:36.0

Because about a year ago, she wrote a big piece,

0:39.6

essentially arguing that the penny should die.

0:43.6

If you asked me today, would you like a penny?

0:46.2

Honestly, I'm so cheap, I would probably say I'll take it.

0:48.6

But I don't need it.

0:50.2

I did just walking my dog a couple days ago, I stopped to pick up a penny and my husband was like,

0:55.6

what are you doing?

0:57.0

The penny seems to infuriate you.

0:59.8

I was going to say, they're a lovely color.

1:03.3

That's like one of those compliments you give when you're like, I secretly hate this.

1:08.9

Well, you know, it's just that we really don't use or in most senses need them

1:16.4

anymore. Can you just explain why? You call it your reasoning the perpetual penny paradox.

1:25.0

Yes. So there were many good reasons to get rid of it. The perpetual penny paradox. Yes. So there were many good reasons to get rid of it. The perpetual a penny

1:31.0

paradox is maybe the most infuriating of any of the reasons, but basically it's that the pennies that

1:38.6

the mint would produce every year, which was many, many, many pennies. I think it was like billions of

1:43.3

pennies a year, would be given out many, many pennies. I think it was like billions of pennies a year,

...

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