Although paper currency is just one part of a money supply, a special design like Norway’s new kroner notes conveys an inspirational message.
Monetary Policy
Why a Dollar Coin Might Not Be Money
In the U.S. the Federal Reserve tried to introduce metal dollar coins into the money supply but currency demand indicates that people prefer paper.
The Problem With Hitting the Debt Ceiling Again
With the U.S. hitting a debt ceiling that is equal to the GDP, concern over U.S. spending is growing as the Congress again decides how to avoid a default.
Pondering the Bunker Hill Theory of Inflation
As the source of monetary policy, the Federal Reserve has to decide if interest rates should rise when inflation is low but a jobs recovery has begun.
How Chocolate Chip Cookies Explain Why We Save Less
Explained by behavioral economics, we save relatively little for retirement because of intertemporal selfishness and seeing our future selves as strangers.
How Men Act When They Outnumber Women
How gender ratios in the U.S. and China affect men’s financial behavior can be explained with supply and demand and behavioral economics from Gary Becker.
How the Fed Solves the Old Money Problem
Part of keeping the money supply at the right level involves the Fed monitoring the paper money that enters circulation and recycling cash that leaves it.
Expanding How We Measure Inflation
Our CPI measure of the inflation rate has been debated because it could be calculated using a chained CPU, could be real time, and excludes some seniors.
Dodd-Frank: When Is A Law Too Long To Obey?
With debated impact, a little more than half of the thousands of rules necessary for implementing the financial regulation in Dodd-Frank have been written.
The Benefits of Perpetual Federal Debt
Very long term federal debt that has no date for redemption like UK First World War bonds and U.S. Revolutionary War debt depend on good public credit.