Is the Gold Standard Becoming Obsolete?

After months in free fall, the price of gold is expected to rise in 2014, and changing conditions both in the US and around the globe are fueling an increase in gold investments. But as the prices of this precious metal swing up and down – in recent times, mostly down...

Bitcoins: Changing the Concept of Money

Another step toward a cashless society? Even when used in virtual transactions, money has traditionally been backed by a physical entity. But now, au upstart digital currency, the Bitcoin, is challenging conventional concepts about how money works and, some fear,...

The Not-So-Boring Definition of Money Supply

American Monetary AssociationThe term money supply is one of those phrases that, when uttered at a dinner party, is likely to trigger mass narcolepsy. Not been sleeping well lately and want to try an alternative to counting sheep? Imagine Alan Greenspan whispering the words “money supply” into your ear over and over. You’ll be asleep soon, friend. Well, either that or on a dead screaming run from the bedroom to the nearest phone to alert police about the presence of an intruder. Former Fed Chairman or not, he’s got no business breaking into your house like that.