If you’re heading to Rockport, Mass., you may encounter a parking meter like the photo above.

An excerpt from Freakonomics blog:

Reader Tina Gao sent in this photo of a parking spot in Rockport, Mass., and asked, “[W]hy would anyone ever pay more than a penny for the spot?” Can anyone offer an explanation for this pricing? If nothing else, Rockport gives us something to do with all those pennies we’d rather throw away. On the other hand, parking this cheap is probably not very good for the environment.

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