Looking at the economic impact of India’s 2016 demonetization of large denomination rupees, researchers concluded that cash still matters.
Why It’s Tough to Catch Venezuela’s Runaway Hyperinflation
Calming the everyday monetary chaos created by Venezuela’s hyperinflation is about much more than lopping zeros off its currency.
Why the Secret Service Monitors Fake Movie Money
When Rush Hour 2 needed many millions in 100 dollar bills, Independent Studio Services (ISS) sent them 14 pallet loads of 4′ x 4′ cubes of fake money. During the filming, the Secret Service showed up, issued a cease and…
Deciding What is Real Money
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.
Where Cash (sort of) Rules
Like Mark Twain saying, “The reports of my death have been greatly exaggerated,” non-cash payments have not eliminated currency.
An Artist Who Made Money
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.
Weekly Roundup: From Nibbling Nachos to Sipping Starbucks
Our everyday economics includes risk, externalities, purchasing power, complementary goods, capitalism, money supply, human capital, and innovation.
What Money Should Look Like
The currency part of a money supply needs three basic characteristics that relate to value and also usually a design that reflects a national identity.
Weekly Roundup: From Desirable Currency to Rejected Coins
Our everyday economics includes gender gap, human capital, competition, regulation, opportunity cost, money supply, currency and conspicuous consumption.
What Gorgeous Money Looks Like
Although paper currency is just one part of a money supply, a special design like Norway’s new kroner notes conveys an inspirational message.