currency

Sinking Dollar: This Time on Purpose

The Fed wants to keep the inflation rate up around 2%, because their efforts to boost the economy only get traction when they can push interest rates well below the inflation rate.

New $100 Bill Unveiled

Even though ordinary people hardly ever receive or spend one, with the number of $100 bills in circulation in the billions it's worth putting the effort into making them extreme

New $5 bill starts circulating today

The new $5 enters circulation today with a ceremonial "first spend" at the gift shop of President Lincoln’s Cottage at the Soldiers’ Home in Washington, D.

Local Currencies

Because the advantages of trade (lower prices) fall into the hands of the person making the decision (the buyer), there's a constant tendency to move toward freer trade, unless

New $5 bill unveiled

The US Treasury today unveiled a new $5 bill, with security features intended to make it harder to bleach out a $5 and use the paper to counterfeit a $100 bill.

Carry some cash

I recommend carrying some actual cash money. When I do that, a lot of people say, "Why? Everyplace I go takes credit and debit cards." In fact, I know people who brag about spen