Category Archives: inflation

>Metro’s using $1 coins in fare machines

> I didn’t see this announced anywhere else, but over on the WMATA youtube channel there’s a video starring Metro’s Chief Financial Officer, Carol Kissal, and Ed Moy, the Director of the US Mint announcing that Metro fare vending machines … Continue reading

Posted in economics, government, inflation, NYT, transit, WMATA | 2 Comments

>After borrowing $1T last quarter, the US Government can now borrow for free

> Take a look at this.  The yield on the 3-month Treasury bill, an instrument the US Government uses for short-term borrowing, has dropped to zero, or a couple of hundredths of a percent away from zero. Who are the … Continue reading

Posted in budget, economics, government, inflation | 1 Comment

>Penny costs more than it’s worth in Canada too.

>Looks like our frozen neighbors to the north share our problem with the penny.  One cafe is taking matters into its own hands by rounding all cash transactions.

Posted in economics, government, inflation, penny | Leave a comment

>Mouseprint.org – Consumer Watchdog

>I have a new favorite blog over at mouseprint.org. They document the fine print in advertising or packaging that completely contradicts what the main text is saying. They also document the slowly shrinking product packaging that manufacturers use to hide … Continue reading

Posted in economics, inflation | Leave a comment

>Zimbabwe Revalues Currency

> This FT article states the inevitable news that Zimbabwe has decided to revalue its currency by removing 10 zeroes from the amounts. Essentially, $10,000,000,000 old Zimbabwe dollars is now a single new zimbabwe dollar, although it’s still only worth … Continue reading

Posted in budget, economics, fiscal, government, inflation, international, zimbabwe | Leave a comment

>Zimbabwe, sham elections and hyperinflation

>Zimbabwe held sham elections today. They’re not even trying. People are instructed to copy down the serial number of their ballot so it can be verified that they voted for the country’s dictator, Robert Mugabe. Those who cannot prove they … Continue reading

Posted in economics, government, inflation, international, zimbabwe | 10 Comments