fiat money

Since the currency board was introduced in Bulgaria 17 years ago, every now and then some political pundit appears in the Bulgarian press to tell us that it is harmful to the Bulgarian economy. Now, I might agree with the statement in principle, considering that any …

Investors, libertarians and computer enthusiasts have a new topic to discuss and it is Bitcoin. The popularity of the online currency is growing in direct proportion to its price, which has quadrupled in two months. It is difficult to remain indifferent to what is happening, and that is why some, with undisguised optimism, see Bitcoin as the money of …

As Ben Bernanke's term as Federal Reserve Chairman nears its end, the question of what the central bank's future policy will be is becoming increasingly pressing. Will Janet Yellen, President Obama's nominee to replace Bernanke, continue the Fed's current loose monetary policy, or can we expect a gradual withdrawal...