For very different reasons, Sweden and Zimbabwe are moving toward a cash free economy that could increase tax revenue and decrease illegal transactions.
Last year, Venezuela’s inflation rate exceeded 800%. For this year, the data conflicts. While the Wall Street Journal and the IMF say Venezuela is on its way to hyperinflation, Johns Hopkins economist Steve Hanke says the rate is closer to 70%.…
While illicit activities inspire people to fill suitcases with cash, negative interest rates also motivate businesses and households to demand big bills.
Related to safe cracking and printing money, the impact of cheap oil on Libya and Venezuela has been somewhat surprising.
Retaining Hamilton on the $10 and replacing Jackson with Harriet Tubman on the $20 are currency redesign decisions that change and continue the past.
Low interest rates on baby boomer cash instrument investments have diminished their retirement nest egg.
Safety regulation can have unintended consequences. Looking at antilock brakes, “too big to fail,” and Greek loans we see the Peltzman effect.
Showing the connection between inflation and unemployment, the Phillips Curve has been re-interpreted, re-affirmed and condemned as a monetary policy tool.
A debt ceiling controversy could erupt by November 3rd when Jack Lew says the U.S. Treasury will need to borrow to meet its spending obligations.