Listen " S21E9: What Ending the Penny Mint Means for Prices"
Episode Synopsis
Send us a textThe U.S. stops minting new pennies. Cost savings help, but do second-order effects matter more?We dig into:Why it cost ~4¢ to make 1¢$56M savings vs real economic impactRounding rules, cash users, and pricing behaviorCard mix, tipping culture, and “two-way door” policyA quick, practical look at what this means for consumers and businesses.Partner Links:Learn more about NordStellar's Threat Exposure Management Program; unlock 20% off with code BLACKFRIDAY20 until Dec. 10, 2025Chapters: 00:31 The End of Penny Minting03:16 Economic Implications of Removing Pennies05:57 Nostalgia and Cultural Impact of the Penny08:30 Regulatory Challenges and Business Adaptation11:36 The Future of Currency and Transaction Trends14:06 Critical Thinking in Business DecisionsConnect With Management Consulted Schedule free 15min consultation with the MC Team. Watch the video version of the podcast on YouTube! Follow us on LinkedIn, Instagram, and TikTok for the latest updates and industry insights! Join an upcoming live event - case interviews demos, expert panels, and more. Email us ([email protected]) with questions or feedback.
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