Money Supply: A Cash Mystery

While the demand for cash is up… We are using it less to pay for things… So, what are people doing with their cash? (Hint: Compare the total currency in circulation to denominations up to $50.) Our clue is the…

The Money Supply: Gold Matters

In its basement, the NY Fed has a vault. A very safe place for countries or central banks or international organizations to store their gold, a shared home also makes it easy for countries to transfer bars from their pile to…

Dollar Wars

Changing the make-up of the money supply, lobbyists have proposed a bill in favor of the dollar coin instead of the dollar bill.

A Cashless Payoff

Paying with a phone swipe makes Starbucks lines move faster. Less time in line means more productivity and society benefits. So, should we accelerate our movement toward a cashless society? Imagine having no currency. No wallets necessary? A useless U.S.…

89.7 Sextillion Percent Inflation

Imagine a country where supermarket employees have to raise their prices several times a day, maybe by placing one price sticker on top of the old one. Describing Brazilian inflation during the early 1990s, one woman said she raced to…

A Different Kind of Currency Crisis

Our story begins with the United States announcing that it would be issuing a state-of-the-art new $100 bill. Designed to thwart counterfeiters, the new bill has 3-D interactive features. Move the bill and certain shapes and colors shift. The bill,…

Travels of a Dollar

Having just followed the probable travels of a dollar bill at “wheresgeorge,” I’ve been thinking about money. Money is more than coin or paper currency. Because we can easily spend our demand deposits (checking accounts) and savings accounts, they too…