Posts Tagged ‘money’

  • It would be beneficial for households and national economic growth if the U.S. saving rate were raised.

    The Nudge Toward a Goldilocks Savings Rate

    Sep 14, 14 • 168 Views • No Comments

    We need to raise the low U.S. savings rate with new incentives like a lottery on savings deposits because households and business investment need savings. ...  [read more]

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    Coin Matters

    Apr 27, 12 • 323 Views • No Comments

    Hearing that Zimbabweans had a limited supply of coins, I recalled one person’s response to Starbucks’ price hike to $2.01 for a tall coffee in NYC: “I can’t believe it. Now I need to walk around with pennies?” I guess we take change for...  [read more]

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    Should We Keep the Penny?

    Apr 9, 12 • 399 Views • No Comments

    Because cost is up and use is down, the Royal Canadian Mint stopped producing pennies and, during the fall, will stop distributing those that exist. Should we also eliminate the penny? Pennies are expensive. At 2 1/2 cents a piece, making and distributing...  [read more]

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    Just Like Yap Money

    Feb 25, 12 • 301 Views • No Comments

    To a Yap islander, in 1903, a 12-foot limestone wheel had considerable value. Described by NPR’s Planet Money, the wheels, as small as a foot in diameter and as large as twelve, composed the islanders’ monetary system. With smaller transactions,...  [read more]

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    Valentines From the Fed

    Feb 12, 12 • 249 Views • No Comments

    What a fantastic idea! When University of Pennsylvania economist Justin Wolpers suggested Federal Reserve Valentines, the Fed and others responded. The San Francisco Fed: “I’m going to extraordinary measures to increase your stimulus.”...  [read more]