Who, How and When We Use Cash

Although coin and currency are costly to transport and secure, still, cash is a key component of the money supply that people use for low value payments.…

Now or Later?

Reading about why people have a tough time delaying gratification, I started to think about countries. First people… A part of your brain–the insula–becomes more active when faced wi…

Cashing out?

By Mira Korber, guest blogger. They say “cash is king.” But these days, perhaps cash was king. Sweden is becoming a “cashless society.” Commuters pay bus fees via credit card a…

Just Like Yap Money

To a Yap islander, in 1903, a 12-foot limestone wheel had considerable value. Described by NPR’s Planet Money, the wheels, as small as a foot in diameter and as large as twelve, composed the isl…

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