Posts Tagged ‘money’

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    Look For the Silver Lining

    May 4, 11 • 131 Views • Businesses, Demand, Supply, and Markets, Households, Thinking EconomicallyNo 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...

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    Money and Happiness

    Apr 26, 11 • 123 Views • Behavioral Economics, Developing Economies, Economic Debates, Households, Innovation, Thinking EconomicallyNo Comments

    It is possible, after all, that money can make us happy. A recent Brookings paper from 3 University of Pennsylvania researchers concluded that people experience greater “subjective well-being” or life satisfaction when they are more affluent....

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    Greener Money

    Jan 22, 11 • 138 Views • Economic History, Environment, Innovation, Money and Monetary PolicyNo Comments

    Hearing that Canada was switching to plastic money this year, I imagined…plastic. It turns out that plastic money looks and feels pretty much like the cotton-based paper currency we now use.  Why make the change? Money was one reason. Although it...

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    Wheelbarrows of Money

    Apr 26, 10 • 116 Views • International Trade and Finance, Money and Monetary PolicyNo Comments

    If your country’s currency is hyperinflating, then how do you buy bread? You can find a wheelbarrow or use another currency. During February, 2007, with an inflation rate exceeding 50% per month, the Zimbabwean economy experienced hyperinflation....

  • Impossible But Funny Congressional Testimony

    Feb 19, 10 • 109 Views • Thinking EconomicallyNo Comments

    You might enjoy looking at the Onion’s parody of Ben Bernanke’s congressional testimony. It never can or will happen this way. And yet, while the testimony is fictitious, the statements about money are based on its actual definition. The article...