John Arnold (@johnarnoldfndtn) 's Twitter Profile
John Arnold

@johnarnoldfndtn

Co-chair of Arnold Ventures. Reality is more nuanced than the headline.

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linkhttp://www.arnoldventures.org calendar_today17-10-2013 17:57:47

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John Arnold
@johnarnoldfndtn

21 days ago

Not mentioned in the NYT story on the penny is that production of the half-penny in the US ceased in 1857 because of its diminished spending power and the high cost of production. A half-penny in 1857 had the spending power of 19 cents today.