Why Zimbabwe Laundered Money

With a renewed need to launder tattered U.S.dollar bills, we have the return of Zimbabwe inflation and their problematic monetary policy.

Inflation Clues From Sticky Prices

To solve the mystery created by the inflation worries that are in the news, we can look at sticky and flexible prices.

Why the World Needs One Time

Last night, at 12 a.m., Daylight Saving Time (DST) began when our clocks moved forward an hour. Whereas I would have seen the sunrise at 6:11 in New Jersey, instead, it’s at 7:11. Correspondingly, sunset switched from 6:02 on March…

Why Venezuelans Might Launder (In a Washing Machine) Their Dollars

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…

Why We All Need the Same Time

Whereas we moved from many time zones to four during the 19th century, now, with globalization, we should switch to coordinated universal time for everyone.

Six Facts to Know About Venezuela’s Hyperinflation

Through six simple facts, we can better understand the meaning of Venezuela’s hyperinflation and how much it has diminished production.

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.

How to Measure Our Misery

The economic way to demonstrate sadness is to look at misery indexes that use macro data to measure changes in our emotions.

The Chaos Created By Venezuela’s Soaring Inflation Rate

When Venezuela’s inflation rate entered the stratosphere, it created chaos that shifted the rhythm and rationality of daily life.