Posts Tagged ‘money’

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    Should We Keep the Penny?

    Apr 9, 12 • 598 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 • 521 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 • 393 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]

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    Forbidden Dollars

    Jan 10, 12 • 494 Views • No Comments

    By Mira Korber, guest blogger, Kent Place School alumna, Yale student, and recent traveler to Buenos Aires, Argentina.  In Argentina, a $100 USD bill is a hot item. And though Argentines want US dollars — for traveling, saving, or otherwise —......  [read more]

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    Look For the Silver Lining

    May 4, 11 • 386 Views • No Comments

    You might want to decide whether to set the table with Granny’s silver, sell it, or melt it. To see why, you just need to look at a graph of the price of silver. Representing a 162% increase between January and now, the line is almost vertical. When......  [read more]