When an emerging markets nation like Argentina has a vulnerable economy, then the pandemic lockdown can create a sovereign debt default.
Economic anthropologists focus on the human side of money when they see us now and in the past, as individuals, as families, and as one world.
The U.S. dollar is a handy backup when a country’s currency loses its value. After Zimbabwe’s hyperinflation hit its peak (or its nadir) in 2009, they used U.S. dollars but didn’t have enough. So, when the cash got too gray…
Although the BLS reports the CPI (Consumer Price Index) inflation rate each month, our own household could see different price changes.
The six Federal Reserve facts that we need to know relate to why it was created, what it always does, and what is happening now.
Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.
When you look at Norway’s new banknotes and their (hilarious) video describing the journey of a cod from the sea to a wallet, you can see that central bankers have become more interesting.
When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.
Seemingly a single number, the CPI market basket is composed of wildly different flexible and sticky prices that provide a different view of inflation.