It was tuesday afternoon. I stepped outside of my office into the heat and sunshine and began walking in a loop around the front of the building. I had received my new free cell phone yesteday and obviously I was excited to make a few lunchtime phone calls. After just two or three minutes of walking I realized what a terrible head I have for numbers and came to the conclusion that I only knew about 3 or 4 numbers by memory. After a number of failed attempts to call three or four people, I called Derek, whose voicemail I actually reached- a good sign that I remembered his number. I left Derek a short number and then called my mom to see how she was doing.
Later when I returned to my desk after chatting with the mom for a while, I received a voicemail on my confusing new phone from Derek. Apparently he had been unable to answer his phone previously because he was cruising along the Mass Turnpike when it occurred to him he would need to pay a toll, and alas, he did not have any cash with him. Thus, he apparently pulled over at a rest stop and began counting out pennies from the ashtray in his outrageously yellow car. He then had to exchange the pennies at the rest stop store because the Pike will not take pennies as payment. Derek's message ended by expressing his feeling that this failure to accept pennies was, "unconstitutional". Of course I was at first concerned that after three years of law school Derek considered this "unconstitutional", but then I turned to considering the more important question of pennies- that's right pennies.
Have pennies simply been relegated to the vast cultural trash heap of the past? Something we pick up for good luck or throw in fountains? Most people I know, including myself, have vast jars of pennies in their room, have pennies, filling the ash trays of their car and the bottom of book bags and change purses. More and more pennies don't seem to even be accepted as legal tender in places where other change is still taken. The maddening reality of this situation is that the federal government is breaking their deal, so far as I am concerned-- if pennies are actually legal tender for all debts public and private, then by god I should be able to fill a parking meter with the little buggers-- even if it takes me two hours.
One major concern I have witht he penny problem is the income people are receiving, but not investing or spending- this can't possibly be good for the economy. On top of that most people would gladly even accept a small dip in value if they could somehow use their pennies for some actual purpose other than jar filling. My suggestion is one of the following:
1. Campaign finance: People always seem to always want to change the situation with campaign finance, such as providing more funding for third party or underfunded candidates. What better way to kill two birds with one stone-- all campaigns must be funded with pennies. The way I see it, this will keep politicians and their campaigns focused on rolling up the pennies rather than attacking each other or saying ridiculous things. In addition, we will more than likely not have to be concerned with corruption because most extremely wealthy people or enron executives keep their funds in electronic form as opposed to penny form, thus I feel their influence would become limited.
2. Repaying national debt: Ever try to pay someone back with pennies? One time my brother Michael lost a bet to me on and tried to pay me entirely in pennies (well, mostly pennies). Since I am a real bastard, I took the pennies just to prove a point (he lost the bet), but a lot of people would be like, "Forget it- I don't care." Try it some time- walk into a gas station and attempt to pay for a tank of gas with unrolled pennies-- they will not be pleased. I suggest we start doing this with our foreign bond holders such as China and Japan. When we start trying to pay them back entirely in unrolled pennies, I picture these creditors reacting by just telling us to pay later.
3. Keep Bono busy: Listen, I am a big a U2 fan as anyone if we are talking about the old stuff- like z00ropa or Joshua Tree, but Bono has gone insane- face it. Not only has he started his own hedge fund, he never seems to shut up about third world debt relief. Not that I have anything against this cause- in fact I support it. I just remember a couple months ago I was in the gym watching CNBC with the sound off when I saw some sort of economic conference and in walks some U.S. diplomat, Bill Gates, and...Bono with a feather boa and some ridiculous looking glasses that make him look like a WWF character. My feeling is that by just donating all our pennies to Bono, we would keep him busy rolling them up in his castle somewhere in Ireland instead of appearing in public. Everyone wins.
4. Parking meters: I am telling you- constitutional amendment: all parking meters MUST accept pennies. Paying for parking is absolutely ridiculous, but more and more I see these "Quarters Only" meters, which is just absolutely cruel. On top of that a recent front page Boston Herald article reported that the boston parking authority has failed to collect revenue in the tens fo MILLIONS. The solution: ACCEPT PENNIES. I am telling you, there will be no problem collecting parking fees if you accept pennies. In fact people will gladly park in metered spots and pay just so they can get rid of the little copper discs. Problem SOLVED.
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