By spending bitcoin, we see the multiple reasons that calling it a cryptocurrency can be misleading because it is not money.
When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.
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…
Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.
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.
With many more students getting A’s, we could have a grade inflation bubble that, like price inflation, creates distorted information and incentives.
Seemingly a single number, the CPI market basket is composed of wildly different flexible and sticky prices that provide a different view of inflation.
Using a high school teacher’s salary as our benchmark, we can start to see the incomprehensible impact of Venezuela’s currency crisis.