670 posts tagged with money.
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Where money is made

"Why did the Royal Canadian Mint make the world's purest and largest gold bullion coin? Because we can." The Royal Canadian Mint makes all of Canada's money. They offer tours that are FULL of fascinating facts. Now, for the first time ever, see these facts at your local Metafilter website! [more inside]
posted by eisforcool on Jul 23, 2016 - 30 comments

The seven biggest problems facing science, according to scientists

In the past several years, many scientists have become afflicted with a serious case of doubt — doubt in the very institution of science... So we sent scientists a survey asking this simple question: If you could change one thing about how science works today, what would it be and why? We heard back from 270 scientists all over the world, including graduate students, senior professors, laboratory heads, and Fields Medalists. They told us that, in a variety of ways, their careers are being hijacked by perverse incentives. The result is bad science.
posted by forza on Jul 14, 2016 - 39 comments

The open hand and the closed fist

Just print money and give it to everyone by Chris Arnade: "The usual answer to why we don't do this is that it isn't politically feasible and there is no precedent. 1) That has never stopped bank bailouts, which often require a great deal of political and regulatory ingenuity to jam through. (TARP cough TARP) 2) It is a symptom of a system built by and for the bankers to benefit themselves. It is the equivalent of saying, 'We can't do it because we have never wanted to do it'. That we don't do it this way isn't just a small economic quibble with no impact. The most visceral anger I hear from voters across the country is directed at bank bailouts, which they see as evidence of a rigged system. They are right. The system is rigged in the sense that our primary method to stimulate the economy also conveniently bails out bankers." (previously; via) [more inside]
posted by kliuless on Jul 12, 2016 - 52 comments

Jack Lew's old sig: "icing on a Hostess cupcake... Charlie Brown’s hair"

"Jack assures me that he is going to work to make at least one letter legible in order not to debase our currency should he be confirmed as secretary of the Treasury" How Treasury Secretary Jack Lew changed his signature from something cuddly that looked like "Oooooooo" to something that looks like "Paul J Fes." Geithner also had to undergo some signature modification, back in the day. Other US money signatures, for comparison.
posted by jessamyn on Jun 27, 2016 - 34 comments

Trekonomics

The Economic Lessons of Star Trek's Money-Free Society - "[Manu Saadia] points to technologies like GPS and the internet as models for how we can set ourselves on the path to a Star Trek future. 'If we decide as a society to make more of these crucial things available to all as public goods, we're probably going to be well on our way to improving the condition of everybody on Earth', he says. But he also warns that technology alone won't create a post-scarcity future... 'This is something that has to be dealt with on a political level, and we have to face that.' " (via) [more inside]
posted by kliuless on Jun 21, 2016 - 102 comments

The Uncanny Mind That Built Ethereum

Vitalik Buterin invented the world's hottest new cryptocurrency and inspired a movement — before he'd turned 20 - "I think a large part of the consequence is necessarily going to be disempowering some of these centralized players to some extent because ultimately power is a zero sum game. And if you talk about empowering the little guy, as much as you want to couch it in flowery terminology that makes it sound fluffy and good, you are necessarily disempowering the big guy. And personally I say screw the big guy. They have enough money already." [more inside]
posted by kliuless on Jun 16, 2016 - 62 comments

Borges & $

The true author of Borges’ fictions was the third man: the broken, middle-aged Borges, the pencil-pusher who toiled away in the basement of a municipal building. He was a working stiff trying to support his family—just like anyone else—trapped in a labyrinth, feeling that his life was somehow a mistake. He is inseparable from the financial struggle he tried so hard not to write about. An essay by Elizabeth Hyde Stevens
posted by chavenet on Jun 15, 2016 - 21 comments

"F--- you, Oprah. I am the new queen of daytime talk!"

"Any idiot can get into it, and I can prove that to you, because I'm an idiot and I started a debt buying company and it was disturbingly easy," Oliver said. John Oliver forgave nearly $15 million of medical debt with a tap of a giant red button on Sunday night.
posted by episodic on Jun 6, 2016 - 128 comments

“...they’re really into capitalism.”

Don’t Know What To Read? Let Goldman Sachs Tell You. [Melville House] "Goldman Sachs: financial giant, hotbed of enthusiasm for subprime mortgages, and hapless recipient of your hard-earned money. Who better to tell you what to read? Well, now they are telling you what to read, in the form of a recently-published recommended book list [PDF]. We’re talking about people who incurred $550 million in fines for schemes to turn a profit on the civilization-threatening financial crisis they themselves had helped create, and the line between genius and chutzpah is notoriously hard to draw, so, yeah, I’d like to know what’s on these folks’ bedside tables."
posted by Fizz on May 28, 2016 - 50 comments

Sapiens 2.0: Homo Deus?

In his follow-up to Sapiens, Yuval Noah Harari envisions what a 'useless class' of humans might look like as AI advances and spreads - "I'm aware that these kinds of forecasts have been around for at least 200 years, from the beginning of the Industrial Revolution, and they never came true so far. It's basically the boy who cried wolf, but in the original story of the boy who cried wolf, in the end, the wolf actually comes, and I think that is true this time." [more inside]
posted by kliuless on May 24, 2016 - 23 comments

“When he moves, am I supposed to ask for my $3 back?"

Venmo is turning our friends into petty jerks
posted by griphus on May 24, 2016 - 135 comments

How the rich got richer

Vox cartoon breakdown of rise in US economic inequality.
posted by MoonOrb on May 23, 2016 - 20 comments

Winner Takes All Morality and the Movies

The Goblin's Dilemma: class soildarity, selfish families, and the working class heros of Sam Raimi's A Simple Plan and Spider-Man By Bud White and Tim Kreider (Spider-Man discussion begins here)
posted by The Whelk on May 22, 2016 - 26 comments

Toasted

In a sea of imperfect options, this is the one I feel best about! We made something great for three years, and now we’re going to go do something else. The only regret I have is that Bustle will outlive us and I will never be able to icily reject a million-dollar check from Bryan Goldberg, but that’s pretty much it. - The Toast will be closing on July 1st. [more inside]
posted by Artw on May 13, 2016 - 185 comments

“Scientology's strategy to use motorsports as a promotional tool...”

When Scientology Sponsored Race Cars [Road and Track] John Travolta​. ​Mario Andretti.​ The Pope. Aliens​. Germans. The Indy 500. Milwaukee. The Church of Scientology. Welcome to 1988's bizarre intersection between motorsports, religion, and sponsorship.​​ [more inside]
posted by Fizz on May 11, 2016 - 14 comments

When in doubt, do the math.

"Happy Money lists five principles of happy spending:
1) Buy experiences
2) Make it a treat
3) Buy time
4) Pay now, consume later
5) Invest in others
Five principles are four too many for a lazy reductionist, let’s see if we can identify some common themes and combine these ideas into a single framework that would lose all nuance and intricacy but be expressible as an equation. (Spoiler: of course we can, duh)."
posted by zarq on May 11, 2016 - 37 comments

Redefining Wealth and Prosperity in the 21st Century

Kennedy was right - "Much that is valuable is neither tangible nor tradable... Gross domestic product (GDP) is increasingly a poor measure of prosperity. It is not even a reliable gauge of production."* [more inside]
posted by kliuless on May 11, 2016 - 10 comments

WORLD OF TOMORROW

World After Capital by Albert Wenger [Work in Progress; GitHub; GitBook; PDF; FAQ] - "Technological progress has shifted scarcity for humanity. When we were foragers, food was scarce. During the agrarian age, it was land. Following the industrial revolution, capital became scarce. With digital technologies scarcity is shifting from capital to attention. World After Capital suggests ways to expand economic, informational and psychological freedom to go from an industrial to a knowledge society." (previously)
posted by kliuless on May 7, 2016 - 23 comments

“The business of being Britney Spears is booming.”

Is Britney Spears Ready To Stand On Her Own? by Serge F. Kovaleski and Joe Coscarelli [The New York Times] For years, the life of one of the world’s most successful pop stars has been controlled by a court-approved conservatorship, designed for people who cannot take care of themselves. [more inside]
posted by Fizz on May 4, 2016 - 23 comments

The Bank of England is moving to polymer banknotes

The next Bank of England £5, £10 and £20 banknotes will be printed on polymer. "The new fiver will be issued in September 2016. On 2 June, the full details of the design and security features will be revealed and a range of training materials for retailers and businesses will be released. The £10 note will be issued in 2017 and the £20 note by 2020. Polymer banknotes are cleaner, more secure, and more durable than paper banknotes. They will provide enhanced counterfeit resilience, and increase the quality of banknotes in circulation."
posted by lungtaworld on Apr 30, 2016 - 83 comments

“...the public anger about the economy is not without empirical basis.”

President Obama Weighs His Economic Legacy by Andrew Ross Sorkin [The New York Times] Eight years after the financial crisis, unemployment is at 5 percent, deficits are down and G.D.P. is growing. Why do so many voters feel left behind? The president has a theory. [more inside]
posted by Fizz on Apr 28, 2016 - 88 comments

It's not secular stagnation; it's financialization.

Elizabeth Warren has a great idea for making Tax Day less painful - "She's taking on TurboTax and other predatory companies." [more inside]
posted by kliuless on Apr 18, 2016 - 233 comments

On poverty, surviving, taxes and economic justice in America

"The Throwaways" by Melissa Chadburn, from 2012. (Via. tw: mentions rape, but not graphically.)
posted by zarq on Apr 9, 2016 - 24 comments

Comes highly recommended by the Lagosians

Is Lagos the Most Dangerous Party City on the Planet?
posted by infini on Mar 27, 2016 - 44 comments

authors and the truth about money

It is clear that authors, like other creative people looking to make a living doing what they love and are good at (bringing joy to many people in the process), are going to have to look to new ways of supporting themselves. But self-publish? No way.
posted by betweenthebars on Mar 21, 2016 - 82 comments

sources of obligation, sources of value

an introduction to fiat money (pdf) by Steve Randy Waldman:* - "Self-reinforcing bootstrap dynamics hold as strongly for a king's token as it would for any other thing, but much more stably so, since the king can reinforce and assure the stability of his token so long as he retains the political capacity to coerce or persuade payment of tax." (via) [more inside]
posted by kliuless on Mar 17, 2016 - 40 comments

How 'Dark Money' Shapes US Politics

Jane Mayer takes on the Koch Brothers [1,2,3] - "For decades, billionaire libertarians Charles and David Koch have spent millions trying to reduce the size of government and slash regulations, making the brothers a target of the political Left and campaign finance reformers. But few people have dug deeper into the Koch empire and family history than New Yorker staff writer Jane Mayer, author of the new book 'Dark Money'. Among other revelations, she alleges that the brothers hired private detectives to investigate her after she published articles critical of them. We talk to Mayer about the book and about what the rise of Donald Trump means for the Kochs and their allies." (previously)
posted by kliuless on Mar 14, 2016 - 20 comments

Is the Competitive Bridge World Rife with Cheaters?

Billionaires, partying until the early morning, and Internet sleuthing: A recent scandal that rocked the world of high stakes contract bridge has it all.
posted by reenum on Mar 9, 2016 - 68 comments

Finance, old wood, and flame

How do you make a secure record of a debt or exchange if you can't read or write? Cut a number of notches across a stick to symbolize the assets involved, then split the wood lengthwise: you now have two tamper-proof receipts, one for each party to the transaction. The split tally method formed the basis for much of European bookkeeping between medieval times and the modern era. [more inside]
posted by Iridic on Feb 25, 2016 - 20 comments

Witness the Firepower of This Fully Armed and Operational Battle Station

Helicopter drops might not be far away - "Central banks could be given the power to send money, ideally in electronic form, to every adult citizen. Would this add to demand? Absolutely."
posted by kliuless on Feb 24, 2016 - 36 comments

Claim what's yours

MissingMoney.com is a database of governmental unclaimed property records. Exactly what it says it is. Click here for a list of participating states and provinces and links to individual states and provinces, along with contact information for the agencies for each respective jurisdiction. [more inside]
posted by MoonOrb on Feb 13, 2016 - 50 comments

Platform Cooperatives: Money as a (Public) Service

In Sweden, a Cash-Free Future Nears - "Few places are tilting toward a cashless future as quickly as Sweden, which has become hooked on the convenience of paying by app and plastic." [more inside]
posted by kliuless on Feb 11, 2016 - 15 comments

The Cuban Money Crisis

The biggest change to the island’s economy isn’t the thaw in U.S.-Cuba relations.
posted by ellieBOA on Feb 8, 2016 - 17 comments

Cut it out NASA, you don't have the money or a plan for Mars

"Members of the House Committee on Science, Space, and Technology tore apart NASA's Journey to Mars initiative, claiming the program needs a much more defined plan and clear, achievable milestones to work. Those in attendance also doubted the feasibility of a long-term Mars mission; they cited the massive amount of money needed for the trip — much more than NASA currently receives year to year — as well as a significant leap in technological development. Because of these enormous challenges, a few witnesses at the hearing suggested that NASA either rethink its approach or divert its attention to a Moon mission instead."
posted by Brandon Blatcher on Feb 5, 2016 - 89 comments

One more chance to love you

Stays at boutique hotels featuring rooftop pools, private soirees at members-only, jacket-and-tie clubs and fundraisers at the Four Seasons, the St. Regis and the Mandarin Oriental.

How Jeb Bush blew through his warchest.
posted by four panels on Jan 28, 2016 - 248 comments

Some Thoughts On Dining Out In Groups

How To Handle Splitting The Bill At Group Restaurant Dinners
posted by poffin boffin on Jan 27, 2016 - 264 comments

Scrooge McDuck's Giant Pool of Money is Real

Planet Money's Adam Davidson ponders an emerging economic paradox in this week's NYT Magazine: Why are corporations hoarding trillions in cash? The cash stockpiles being held by many major corporations situation are unprecedented in size, and often vastly exceed any sum of money that these corporations could ever dream of spending. This behavior runs in direct opposition to most economic theories, violates assumptions about how rational corporations should act, and is being rewarded by the market (but only in some industries). So, what gives?
posted by schmod on Jan 23, 2016 - 77 comments

Compares textbook prices on new, used, ebooks and rentals

Textbookly
posted by zarq on Jan 21, 2016 - 27 comments

Marriage is like money – seem to want it, and you’ll never get it

'Silver Fork' or Fashionable Novels are the largely forgotten English popular novels of the 1820s and 30s which depicted aristocratic life and scandals as a how-to guide for rising middle-class readers while also exploring growing political and class anxieties in the post-Regency. Advice on how to romance, eat, party and raise children like a member of the upper class from Silver Fork novels via Bizarre Victoria (previously).
posted by The Whelk on Jan 15, 2016 - 7 comments

UBI in NYT

It's Payback Time for Women - "Society is getting a free ride on our unrewarded contributions to the perpetuation of the human race." (via) [more inside]
posted by kliuless on Jan 11, 2016 - 79 comments

The Unseen Threat of Capital Mobility

For the Wealthiest, a Private Tax System That Saves Them Billions -"The very richest are able to quietly shape tax policy that will allow them to shield billions in income." (via) [more inside]
posted by kliuless on Jan 4, 2016 - 31 comments

Broad Money includes Narrow Money

All of the World’s Money and Markets in One Visualization [more inside]
posted by soelo on Dec 23, 2015 - 14 comments

Political Gambling in 2016

"As a gambler, I’ve noticed that Americans might also be obsessed with predicting their presidential races, but they often rely on pundits whose name recognition far outstrips their accuracy. Gamblers can’t afford to be wrong that often: Political prediction is a genuine game of skill, with serious research going into the effort—and serious rewards for the gambler who gets it right." [more inside]
posted by roomthreeseventeen on Dec 18, 2015 - 73 comments

Minter needed, must own straightedge, compass, and additional tool.

An Alphabet of Heptagons By heptagons, I mean seven-sided coins. OK, it won't be a full alphabet - it will have a few gaps, and I may have to cheat in some cases. When I've finished the alphabet, I'll open up the topic to comments.
posted by Wolfdog on Dec 9, 2015 - 10 comments

“Some books are clearly disappointing, however.”

Betting Big on Literary Newcomers [The Wallstreet Journal] The publishing industry’s hunt for the next blockbuster has given rise to an elite new club: the million-dollar literary debut.
The need to secure one of the few must-read books of the year has given rise to an elite new club: the million-dollar literary debut. At least four literary debut novels planned for 2016 earned advances reported at $1 million or more, a number agents say is striking in the world of highbrow fiction. At least three such debuts were published this year, and two in 2014. “City on Fire,” by first-time novelist Garth Risk Hallberg, came out last month amid a flurry of publicity after receiving a nearly $2 million advance from Alfred A. Knopf, one of the largest ever for a literary debut.
[more inside] posted by Fizz on Nov 26, 2015 - 26 comments

Those who wish for deflation should think through what it means.

Nick Rowe is a Canadian macroeconomist at Carleton University. He's the most prolific of several bloggers at Worthwhile Canadian Initiative, a group (mostly macro) economics blog. He often writes on, often colorful, (for a macroeconomist) thought experiments and analyses probing intuitive understandings of 'money,' and generally on the topic of exactly what money and monetary policy are: Is money a liability? Was Milton Friedman a crypto-communist? Can we actually avoid helicopter money? Could we have an economy with negatively valued money? How many markets are there? And of course, what if Chuck Norris was a central banker? He also writes on the nominal GDP level targeting, mentioned previously.
posted by PMdixon on Nov 24, 2015 - 26 comments

"So many have died to defend what you see here."

You were taught in school that the rain forest is like the lungs of our planet.

It’s not that simple.

posted by zarq on Nov 12, 2015 - 17 comments

Faced with gaping moral and economic holes in society

Rewrite the rules to benefit everyone, not just the wealthy - "If there's one thing Joseph Stiglitz wants to say about inequality, it's that it has been a choice, not an unexpected, unfortunate economic outcome. That's unnerving, but it also means that citizens and politicians have the opportunity to fix the problem before it gets worse." (via) [more inside]
posted by kliuless on Nov 11, 2015 - 112 comments

Not paying your writers SUCKS.

The Rumpus is not of the same world as The Huffington Post, and therein lies the problem with this conversation: somewhere along the line, in an important and valuable attempt to be pay writers better, the issue of what any given publication could legitimately afford was thrown out the window. Paying writers = the right side of history, period. If you don’t have the financial backing of venture capital or a man with a lot of money, you shouldn’t even exist. Your continued dedication to existence is in fact offensive to the very writers you claim to nurture. [...] I’m sensitive to this issue as a website that was unable to pay most of its writers from our inception in 2009 until late 2013. We didn’t have the money to pay them, that’s just a fact. The money did not exist, we could not summon it from the sky; we’re lesbians, we inherently lack rich husbands. Maybe that means we should’ve given up, I’m not sure, but that makes me really frightened for the future of independent journalism by and for populations even more disenfranchised than our own. How can we advocate for both disenfranchised writers and disenfranchised publishers? Because the thing is… Not paying your writers SUCKS.
- Autostraddle: The “Who Pays Writers” Conversation Needs a Little Nuance
posted by divabat on Nov 9, 2015 - 78 comments

Desire Modification in the Attention Economy

The Future of (Post)Capitalism - "Paul Mason shows how, from the ashes of the recent financial crisis, we have the chance to create a more socially just and sustainable global economy." (previously; via) [more inside]
posted by kliuless on Nov 4, 2015 - 22 comments

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