Showing posts with label Money. Show all posts
Showing posts with label Money. Show all posts
Wednesday, January 28, 2009
Minimum Wage: Much ado about nothing?
It's funny how your thinking changes as you get older. In my younger days, things like rent control and minimum wage were, to me, unquestionably good things. When the minimum wage went up, I got a raise. Rent control meant my top hat wearing capitalist landlord couldn't just jack up my rent at the end of the year so he could afford a better brand of mustache wax.
Thursday, January 22, 2009
Getting rid of Lincoln and the Maple Leaf?
In Canada, there is a fair amount of American coinage in circulation. No Canadian retailer would refuse payment that includes American coinage. Of course no exchange is ever given on coin.
When you work in retail and come in contact with a great deal of coinage, you can kind of supplement your income by fishing out American coins, tossing in Canadian coins, and eventually collecting enough American coinage that you can roll the coin. Banks won't give exchange on loose coins but if you have an American funds bank account at your Canadian bank, the bank will accept rolled American coin same as American paper bills.
When you work in retail and come in contact with a great deal of coinage, you can kind of supplement your income by fishing out American coins, tossing in Canadian coins, and eventually collecting enough American coinage that you can roll the coin. Banks won't give exchange on loose coins but if you have an American funds bank account at your Canadian bank, the bank will accept rolled American coin same as American paper bills.
Saturday, August 23, 2008
What is Money?
I had an exchange with a commenter in the thread after my post about the Fed. Seems he saw a video (the link is in the thread, I don't really recommend that anyone waste 47 minutes of their valuable time watching the thing) called 'Money as Debt' by Paul Grignon, a Canadian gentleman who is all up in arms about the concept of fiat money, especially of the type known as credit money.
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