Category Archives: Currency

Currency

Venezuela’s Currency Manipulations Are Destroying Their Economy

Pretty. Worthless. From the WSJ: Currency Chaos in Venezuela Portends Write-Downs The Gentleman Economist once visited Venezuela, enjoying Caracas, Merida, Angel Falls, a quiet Andean village and a jungle adventure involving riverside hammocks and three days in handmade dugout canoes. Being an … Continue reading

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When Fakes Are More Valuable Than Originals

 You’d feel cheated if they were real My first thought was why would anyone pay $3.49 for a set of 100 obviously fake U.S. pennies.  Then I realized it might be their inherent lack of value that makes them so … Continue reading

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A Night at the Fights

Watch the feet Last night I went to see the Thai kickboxing fights at Bangkok’s famed Lumpinee Boxing Stadium.  Out of respect for the memory of Rodney Dangerfield, I secretly hoped a hockey game would break out. First, however, was the … Continue reading

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Learning About The Federal Reserve From The Monopoly Board Game

 Just ask Ben Bernanke

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Amazon Coins Is Just Another Run At the Sovereign Currency Scam

Trust us From Business Insider:  This iOS Developer Thinks Amazon Coins Are A Trick That Will Deceive Customers and Garret Murray:  Amazon Coins: A Terrible Idea For Consumers Apparently, as soon as you’re big enough to be your own country you … Continue reading

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Paul Krugman Wants More Inflation

From the NYT: Not Enough Inflation Too young to remember the 1970’s? Paul Krugman wants more inflation.  Does he not remember the 1970’s?  Does he not remember how hard it was to finally break the back of inflation in the early … Continue reading

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A Vote of No Confidence For Spain

From the WSJ:  Air Carrier Plans for Fracture of Euro Zone The thing about loss of confidence is that it’s always just a trickle, until it’s a torrent, and nothing both signals and accelerates the risk of Spain leaving the … Continue reading

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