Posts Tagged ‘unit of value’

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    Coin Matters

    Apr 27, 12 • 146 Views • Demand, Supply, and Markets, Economic History, Economic Thinkers, Households, Innovation, Labor, Money and Monetary Policy, UncategorizedNo 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...

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    Forbidden Dollars

    Jan 10, 12 • 173 Views • Demand, Supply, and Markets, Developing Economies, Economic History, Financial Markets, Households, Money and Monetary Policy, RegulationNo 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 —...