Posted March 13, 2008 - 06:28 by Philip Brewer
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.C. The various Federal Reserve Banks will also start providing new $5 bills as they fill orders for cash from banks. Some banks should have them in a matter of days, although it'll probably be several weeks before you start seeing them.
Posted October 23, 2007 - 13:10 by Philip Brewer
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 there's some sort of institutional pressure in the opposite direction. Local currencies are one way to institutionalize a preference for buying local.
Posted September 20, 2007 - 14:02 by Philip Brewer
It used to be that spotting a "good" counterfeit bill was impossible for ordinary people. If it was good enough to pass the "look and feel" test, then it was going to take an ultra-violet light or a magnetic ink detector. But for the past ten years, the Bureau of Engraving and Printing has been making bills that are easy to check.
Posted September 20, 2007 - 07:14 by Philip Brewer
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.
Posted September 19, 2007 - 06:34 by Philip Brewer
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 spending no cash at all for weeks or months at a time. A no-cash life may be good for bragging points, but I suggest you carry some cash anyway.
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