Why the Secret Service Monitors Fake Movie Money

When Rush Hour 2 needed many millions in 100 dollar bills, Independent Studio Services (ISS) sent them 14 pallet loads of 4′ x 4′ cubes of fake money. During the filming, the Secret Service showed up, issued a cease and…

The Countries With the Most and Least Cash

India appears to love its cash. Last year’s demonetization of large bills was supposed to diminish the use of cash, eliminate “black money,” and expand the digital economy. However, even without the high value notes, the currency supply dipped and…

The Results of Warren Buffett’s Million Dollar Bet

With a Vanguard S&P Index fund competing against a group of hedge funds, a decade-long Warren Buffett bet for $1 million has just ended.

The Money That People Won’t Spend

Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.

Deciding What is Real Money

While intuitively, we know the characteristics of money, when we receive a bent coin or a half of a dollar bill, we might wonder if we can spend it.

Throwback Thursday: The Best Banking Regulation

Today’s #TBT will look back at the Glass-Steagall Act of 1933. But first… Financial Trust The Chicago Booth/Kellogg School Financial Trust Index is a trust yardstick. Answered by approximately one thousand participants, the Index survey touches topics that range from…

Where Cash (sort of) Rules

Like Mark Twain saying, “The reports of my death have been greatly exaggerated,” non-cash payments have not eliminated currency.

What We Can Learn From Big Mac Prices

Based on the January 2017 Big Mac Index, we can get the most burger for our buck in Egypt. At the equivalent of $1.46, an Egyptian Big Mac is less than one-third the $5.06 U.S. price. On the other hand, a Big Mac…

An Artist Who Made Money

As an artist, a forger, or both, J.S.G. Boggs has made museums, colleges, Scotland Yard and the U.S. Secret Service decide what is fake money.

Where Phones Pump Money

Kenya’s economic development has been fueled by a mobile banking system that makes it easy to save, send and spend money with a cell phone.