Currency

The Clash of Generations

Laurence J. Kotlikoff | Posted 05.25.2012

Laurence J. Kotlikoff

As we sit back and blithely watch Greece's death by debt, it's easy to assume it can never happen here. It can, and it will.

A Note of Caution

Irene Finel-Honigman | Posted 05.22.2012

Irene Finel-Honigman

There may be a momentary pride in the drachma as a symbol of Greece standing up to Europe and reasserting its independence, but sadly neither investors nor markets are likely to share the sentiment.

Innovation in the Government Industry, Vol. 2: Bitcoin

Michael B. Fishbein | Posted 05.17.2012

Michael B. Fishbein

There are many risks and potential flaws associated with buying or using Bitcoin, but the idea of competing with government and creating a new currency outside of the control of a third party is very interesting to me.

Best Credit Cards With No Foreign Transaction Fee

Curtis Arnold | Posted 05.09.2012

Curtis Arnold

Today, with instant Internet authorizations and real-time currency conversion, it hardly seems fair to charge a foreign transaction fee. Fortunately, a growing number of banks agree.

How I Spent A Gram Of Gold

Reuters | Felix Salmon | Posted 04.27.2012

It worked! Kinda. I took Matthew Bishop's challenge, and tried to spend a gram of gold like I would any other currency. And, frankly, didn't have a lo...

Using Plastic In The Middle East

John Nicholson | Posted 04.18.2012

John Nicholson

Not only are we seeing political revolutions spring up across the Middle East. We're also rapidly moving forward with social and economic revolutions in the region as well.

Pay In Cash? Not In This Country

AP | MALIN RISING | Posted 03.17.2012

STOCKHOLM -- Sweden was the first European country to introduce bank notes in 1661. Now it's come farther than most on the path toward getting rid of ...

China Is Very "Business-Friendly"

Dave Johnson | Posted 04.16.2012

Dave Johnson

China is very, very "business-friendly." Corporate conservatives lecture us that we should be more "business-friendly," in order to "compete" with Chi...

Joe Satran

Why Your Steak Is About To Cost More

HuffingtonPost.com | Joe Satran | Posted 02.02.2012

Steel yourselves, steak fans: your dinner is about to get a lot more expensive. The price of beef has hit an all-time high in each of the last four...

Iran's Rial Gripe

Roshanak Taghavi | Posted 02.25.2012

Roshanak Taghavi

Headlines around the world have been abuzz since Tuesday about the precarious state of Iran's economy, after the market rate for the Islamic Republic's currency, the rial, dropped over 10 percent in less than a day to its lowest level ever against the dollar.

PHOTOS: John Baldessari's $100,000 Bill... Board

Posted 12.09.2011

It's no big shocker that we are not at our finest economic hour, but John Baldessari may have stumbled upon a solution to our money woes. All this tim...

Hungry for High Net Worth Clients? Platform in Hong Kong and Take a Bite From the DimSum Bond Market

April Rudin | Posted 02.02.2012

April Rudin

What does Hong Kong have in common with Facebook, business intelligence software, and new mobile medical diagnostic technologies for physicians workin...

It's the Currency, Stupid

Hugo Cory | Posted 01.28.2012

Hugo Cory

Imagining money is a good and healthy thing. It stimulates productivity, feeds dreams and gives man a sense of purpose. But there's a difference between imagining money and imaginary money, which is what we have today.

It must be impossible for the Fed to create inflation

Warren Mosler | Posted 01.15.2012

Warren Mosler

Hardly an hour goes by without some pundit pushing the possibility of some kind of run away inflation, with Zimbabwe and Weimar rolling off the tongue...

No Money? No Problem!

Mira Luna | Posted 01.02.2012

Mira Luna

Instead of placing faith in the "economic experts," these currency projects are built on faith in community and the creation of real wealth. When carefully designed, they can be a source of community empowerment, prioritizing caring relationships and community values ahead of profit as well as and generating meaningful employment at local businesses.

IMF: Global Economy Entering Dangerous Phase

AP | By MARTIN CRUTSINGER | Posted 11.24.2011

WASHINGTON -- Top global finance officials are pledging to work decisively and in a coordinated way to deal with a European debt crisis and other dang...

States Losing The Most Jobs To China

24/7 Wall St. | Charles B. Stockdale, Douglas A. McIntyre | Posted 11.22.2011

From 24/7 Wall St.: China is taking American jobs, labor unions, politicians and economists, have accused for some time. The logic is simple. While a ...

GOP Congressman Wants To Do Away With Dollar Bills

Posted 11.21.2011

Arizona Republican David Schweikert has submitted legislation designed to phase out one dollar bills. The southwest congressman is not suggesting the ...

The UMKC Buckaroo: A Currency Model for World Prosperity

Warren Mosler | Posted 11.20.2011

Warren Mosler

It's been more than 10 years since the economics department at UMKC introduced its own currency. It's called the buckaroo, named in sync with the school mascot, the kangaroo.

The New Moneyed Art

Adrian Margaret Brune | Posted 10.04.2011

Adrian Margaret Brune

These days, money is not just a physical or abstract means by which people obtain art and, thus beauty -- it has become an objet d'art.

Tackling the Debt Ceiling With Carbon-Backed Money

Mike Sandler | Posted 10.01.2011

Mike Sandler

The solution to this joint economic-climate crisis must provide an escalating price signal on oil, and distribute the proceeds equally to the people, not the fossil fuel corporations.

Goldman Sachs Misses Profit Expectations

Posted 09.18.2011

Goldman Sachs Group Inc's net income rose during the second quarter but fell short of lowered market expectations as fixed income trading revenue ...

A Beer Standard of Exchange

Frank A. Weil | Posted 09.17.2011

Frank A. Weil

In 1950 a beer cost about the same (about 25 cents in U.S. dollars at the time) in Pounds Sterling, French Francs, German Marks, Japanese Yen and many...

South Sudan Gets Its Own Currency

AP | By MAGGIE FICK | Posted 09.10.2011

JUBA, South Sudan -- South Sudan formed a caretaker government for the new nation Monday, and announced it will use a new currency that features the i...

Mr. Summers, It's a Decade You Helped Lose

Gilbert B. Kaplan | Posted 08.21.2011

Gilbert B. Kaplan

The United States is in a lost decade, or worse. But much of the loss results from the very policies Mr. Summers promulgated in the White House.