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Currency

Tourist Scams: What You Need to Know

Rita Anya Nara | Posted 03.31.2014 | 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 03.25.2014 | 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 03.24.2014 | 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 03.26.2014 | 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 03.03.2014 | 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 02.28.2014 | 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 02.20.2014 | 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 02.18.2014 | 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 02.17.2014 | 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.

Will Fitch Downgrade the U.S. Over Debt Ceiling Drama?

Natalie Pace | Posted 04.08.2014 | Business
Natalie Pace

When Standard and Poor's downgraded the U.S. AAA rating, on August 5, 2011, the Dow dropped 2000 points and gold soared to $1,895 an ounce. Are we at the brink of another downgrade by Fitch Ratings?

Bit Who? 5 Things You Need to Know About Bitcoin

Dayna Steele | Posted 03.31.2014 | Business
Dayna Steele

Bitcoin is slowly but surely finding its way into our lexicon, our news reports, and maybe even our wallets. So what is Bitcoin? How does it work? How do you get Bitcoin? Should you be using it? Should you wait?

Will Gold Soar on the Dow Drop?

Natalie Pace | Posted 03.29.2014 | Business
Natalie Pace

Last week, the Dow Jones Industrial Average dropped over 600 points, sparking a Gold Bug swoon. Rob McEwen, the executive chairman and chief owner of McEwen Mining has been in the gold mining business for 25 years. So, I turned to him for wisdom and experience on today's dance between the Dow and gold.

The Exceptional Traveler: The Currency Exchange Game

Bonnie Kassel | Posted 01.23.2014 | Travel
Bonnie Kassel

Many people like to have some cash when they arrive in a new country. I know I do. Airports and hotels worldwide are notorious for low conversion rates, so you need to do a little research at home before leaving.

Playing With Fire

Michael Farr | Posted 02.02.2014 | Business
Michael Farr

As rates begin to rise in anticipation of Fed "tapering," we would expect an eventual reversal as economic indicators begin to deteriorate. In other words, there is a ceiling on the pace of this economic recovery until deleveraging runs its course (which could be a long while).

Is It Finally Time for Currency Trade Legislation?

Gilbert B. Kaplan | Posted 01.27.2014 | Business
Gilbert B. Kaplan

It's time for the president to live up to the spirit of his campaign promises. He should voice his support for this bill and encourage both houses of Congress to attach it to their next major piece of budgetary or fiscal legislation.

The Promise of Bitcoin and The Fallacy of 'Coin'

Seyi Fabode | Posted 01.26.2014 | Business
Seyi Fabode

I can imagine Americans felt a certain reluctance to stop spending 'buck' (elk or deer skin) when paper money came along. And so will the reluctance to accept Bitcoin reduce with understanding

Beyond Eating, Beyond Money

Pavel Somov, Ph.D. | Posted 01.23.2014 | Green
Pavel Somov, Ph.D.

Dostoyevsky once described money as "coined liberty" (1915, 16). Indeed, money is independence. But what is money? All money is reducible to one and...

Atheists Lose Battle To Have 'In God We Trust' Removed From U.S. Currency

The Huffington Post | Nick Wing | Posted 09.12.2013 | Politics

Atheists suing to have the "In God We Trust" phrase removed from U.S. currency were smacked down on Thursday, when a federal judge dismissed their law...

Elizabeth Warren Doesn't Want More 'Change'

The Huffington Post | Ashley Balcerzak | Posted 08.06.2013 | Politics

Sen. Elizabeth Warren (D-Mass.) said "no" to change. Spare change, that is. She rejected the idea of replacing $1 bills with $1 coins, which lawmak...

Getting Rid of the Dollar Bill Is a Bad Idea

Eli Lehrer | Posted 09.28.2013 | Business
Eli Lehrer

The idea of a dollar coin is a loser in the U.S. There are plenty of ways Congress can act to save money. Making Americans give up the greenback shouldn't be one of them.

Bitcoin: Huge Hype Belies Low Awareness

Michel Floyd | Posted 08.25.2013 | Technology
Michel Floyd

It's pretty safe to say Bitcoin is still in the early adopter phase of its life. The good news is that there's still plenty of room to grow.

Is This Travel "Convenience" Just Another Scam? (POLL)

Christopher Elliott | Posted 06.21.2013 | Travel
Christopher Elliott

I'm almost never accused of being too neutral, but when I covered a type of foreign currency exchange that affects international travelers recently, that's exactly what happened.

Lawmakers Urge Obama To Include Currency Rules In Trade Agreement

Reuters | Posted 08.06.2013 | Politics

WASHINGTON, June 6 (Reuters) - A bipartisan group of over half of the members of the U.S. House of Representative have signed a letter urging Presid...

The Great Bitcoin Debate

Jesse Seaver | Posted 07.21.2013 | Technology
Jesse Seaver

Make no mistake, this is no different than any other high-tech stock. It's risky, it's volatile, and you should not invest any more than you are prepared to forfeit all together.

The U.S. Dollar Could Save Argentina

Steve H. Hanke | Posted 07.10.2013 | World
Steve H. Hanke

Argentina is once again wrestling with its long-time enemy -- inflation. Now, it appears history may soon repeat itself, as Argentina teeters on the verge of another currency crisis.