September 14, 2017
Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.
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.
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.
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.
Rather than saving during tough economic times, the Russians are spending because the ruble is displaying fewer characteristics of money.