Why Bitcoin Is Not Money

By spending bitcoin, we see the multiple reasons that calling it a cryptocurrency can be misleading because it is not money.

The Money That People Won’t Spend

Swinging from hyperinflation to deflation, the value of Zimbabwe currency has created uncertainty for more than a decade.

Expanding How We Measure Inflation

Our CPI measure of the inflation rate has been debated because it could be calculated using a chained CPU, could be real time, and excludes some seniors.

Coin Matters

Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess…

Laundering Zimbabwean money

In Zimbabwe, people are laundering money. Literally. When their U.S. dollars look too gray and faded, Zimbabweans wash and dry them. In this Wall Street Journal photo, dollar bills, shirts and sheets are suspended with clothes pins along a line. Why?…