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.…

My Two Cents About Pennies

Expensive for the U.S. mint and worthless to consumers, the penny still remains a part of the U.S. money supply although phase-out laws have been proposed.…

Humor in Fed Transcripts

Below, just a reminder of one piece of the Great Recession before looking at the Fed transcripts. Lehman Brothers is the orange line.   With a typical 5-year lag, the transcripts of the 2008 Fede…

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