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Currency

Trade Crazy: The Push for Fast-Track Trade Authority

Dean Baker | Posted 02.23.2015 | Business
Dean Baker

When the political establishment wants to pass major trade agreements, we see respectable Washington types making pronouncements bearing so little relationship to reality that they would cause Sarah Palin to cringe. The Washington Post gave us one such gem last week when it took issue with those saying currency rules should be part of the Trans-Pacific Partnership.

No, Negotiating a Currency Chapter in the TPP Will Not Cause a Trade War or Cost Us Jobs

Jared Bernstein | Posted 02.16.2015 | Politics
Jared Bernstein

Stop the foolishness and talk to us like grownups. There will be no "trade war" if we pursue a currency chapter in the TPP. There will be a lot of arguing and negotiating about what technically constitutes currency manipulation to gain an edge in trade. It could blow up the deal, and Secretary Lew, Rep. Ryan, and others should explain to us and to members of Congress why that's a more costly outcome to American workers and businesses than continuing to live with labor demand-draining trade deficits. If they can do so, then let's have a TPP. If they can neither make a convincing case based on facts, not war-mongering and fear tactics, nor can they offer a convincing alternative for legislative actions outside of the TPP against currency manipulation, then they must either negotiate a currency chapter or accept defeat.

Two Different Suggestions for Getting Illinois' Economy Back on Track

Matthew Dietrich | Posted 02.03.2015 | Chicago
Matthew Dietrich

Read the rest at Reboot Illinois to find out what Maisch considers a "must-do" for the Rauner administration as it looks to jump-start Illinois' economy.

Bitcoin Belongs to the People, Not the 1% Super Rich

Dr. Behzad Mohit | Posted 01.30.2015 | Technology
Dr. Behzad Mohit

We must not allow this new "Freecoin" to be owned or bought and sold with real money. For the moment that a currency becomes interest-bearing and is subject to transaction and storage charges, it becomes a tradable commodity itself and it loses its equalizing value.

Swiss National Bank: Well Played!

Janet Tavakoli | Posted 01.16.2015 | Business
Janet Tavakoli

The market reaction was brutal, punishing the Euro and every foreign exchange and options trader on the wrong side of this trade. Some forex trading firms will go under. Foreign exchange trading desks within banks are, of course, part of ongoing unwilling taxpayer largesse.

Ben Walsh

Where Scotch Costs $41 A Glass, And Everyone Can Afford It

HuffingtonPost.com | Ben Walsh | Posted 01.20.2015 | Business

A glass of Johnnie Walker Blue is up $6 to $41 at the Belvedere Hotel in Davos, where many delegates stay and everyone wants to stay. The thing about Davos, though, is that it was already incredibly expensive.

How Digital Money (Bitcoin) Will Change The World

April Rudin | Posted 01.28.2015 | Business
April Rudin

In mid December, Time Inc. was the latest in a string of companies to announce that it would start accepting bitcoin in payment, following on the heel...

This Is What Our Cash Could Look Like If It Didn't Celebrate Dead White Men

The Huffington Post | Kevin Short | Posted 11.05.2014 | Business

Take a look at the redesigns. Remember, these are just hypothetical, and Purrington is in no way affiliated with the U.S. government. But still, we can always dream.

See More This Winter: Travel to Europe & $ave!

trivago | Posted 12.23.2014 | Travel
trivago

The Euro at its lowest value against the US Dollar since July 2012 - currently exchanging at $1.26 - and hotel rates in many of Europe's most popular cities are lower in winter, which means that it's time to seriously consider taking a trip across the Atlantic.

Follow the Money

William B. Bradshaw | Posted 12.11.2014 | Money
William B. Bradshaw

The value of a country's currency is basically dependent upon the country's integrity and having the assets necessary to pay its debt and back up its currency. This was a real problem for early Americans prior to, and for several years following, the Revolutionary War.

Astoria Characters: The Priceless Pair

Nancy Ruhling | Posted 12.07.2014 | New York
Nancy Ruhling

It would be flip to say that it was a toss of the coin that landed Jennifer and Frank Greco at Astoria Coins & Collectibles. But it wasn't much more complicated than that.

Cents Make No Sense

Jerry Jasinowski | Posted 11.29.2014 | Business
Jerry Jasinowski

The moral of the story is that we cannot sensibly expect reasonable fiscal management of trillions of dollars by people who cannot be trusted with pennies.

Has Paper Money Outlived Its Purpose?

Stephen G. Cecchetti | Posted 11.02.2014 | Money
Stephen G. Cecchetti

Serious people have been suggesting that we think hard about eliminating paper currency. Paper money facilitates criminality and creates the zero lower bound (ZLB) for nominal interest rates. So, why not just get rid of it and replace it with electronic money?

Mastering Your Life: How to Play the Game in Five Easy Steps

Tiffany O. Silver | Posted 11.02.2014 | Healthy Living
Tiffany O. Silver

Imagine this energy is like currency -- you get a certain amount each day, to create your now -- so you wouldn't want to fritter it away. Once you realize the impermanence of life, that the past and the future aren't able to be held because they do not really exist, you can only be present!

Money 101: Tips for Exchanging Currency Before a Trip

Go Ahead Tours | Posted 09.07.2014 | Travel
Go Ahead Tours

Exchanging money before a trip abroad can be a little confusing -- we get questions all the time about how to avoid certain fees and get the best rate. Here are our tried-and-true currency tips to keep in mind, no matter where you're going.

The New Monetary Standard

Aurelia Condrat | Posted 07.05.2014 | Business
Aurelia Condrat

Without any doubt in this moment we can not talk about the dollar but about the "energo dollar" or "petrodollar," currencies that are not within reach of the common people which ultimately bring prosperity.

Tourist Scams: What You Need to Know

Rita Anya Nara | Posted 05.31.2014 | Travel
Rita Anya Nara

One of the best ways to defend ourselves against scammers is to know what their tricks are, and how to avoid them -- then you can go back to actually enjoying your vacation.

The Jobs-Currency Connection in Greece

Dimitri B. Papadimitriou | Posted 05.25.2014 | Business
Dimitri B. Papadimitriou

Restoring domestic demand needs to be Greece's economic policy emphasis. Despite any downsides, a parallel currency that supports an employment guarantee program would be a U-turn towards rebuilding the population's purchasing power -- and rebuilding Greece's ravished economy.

Heard About Bitcoin? Nah, Been There, Done That

Bob Swarup | Posted 05.24.2014 | Business
Bob Swarup

Bitcoin enthusiasts today are very much recreating the digital equivalent of the California Gold Rush. The currency is the answer to all our modern day problems, they claim. I hear all that. It is still a rerun, because it is human.

Will Bitcoins Become the People's Federal Reserve?

Fred Lundgren | Posted 05.23.2014 | Money
Fred Lundgren

Henry Ford said, "It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there wou...

Bitcoin: Money, Currency or Something Else?

Shelly Palmer | Posted 05.03.2014 | Technology
Shelly Palmer

While I agree that Bitcoins are different from US dollars, I disagree with the argument that Bitcoins are less valuable than dollars. Bitcoins are a commodity, just like gold or copper or coal.

Venezuelan Crisis: Resentment, Struggle and a Way Forward

Stephanie Rudat | Posted 04.29.2014 | World
Stephanie Rudat

It is evident that the problems of inflation, scarcity, crime and violence are issues that affect all Venezuelans equally, regardless of their political affiliation or ideologies. Why, then, is the population still divided?

An Open Letter to Tom Perkins

Danielle Tumminio | Posted 04.22.2014 | Politics
Danielle Tumminio

But is it possible that there are other things our country should value above money? Is it possible that there are other sacrifices that are worth just as much as monetary ones?

Whither Bitcoin? Or Wither, Bitcoin?

Christopher Meyer | Posted 04.20.2014 | Money
Christopher Meyer

Bitcoin is managed by a peer network; it is a currency not under the control of any government. Some argue this means it will be a low risk global currency, not buffeted by the performance of any national economy.

Europe's Citizens No Longer Understand Where They Are Headed

Sylvie Goulard | Posted 04.19.2014 | World
Sylvie Goulard

Even if a lot has been done since the height of the euro crisis to clean up the economic and financial situation and to reform the governance of the euro, the status quo is untenable.