Keynes on money

The importance of money flows from it being a link between the present and the future. —John Maynard Keynes And because I can’t link to it enough, the fabulous Keynes-Hayek rap, “Fear the Boom and Bust”

Eurozone denials

Canada: New Polymer Currency

Canada just recently introduced a new $100 banknote, made with a polymer substrate rather than paper. Its security features include two see-through windows. According to the Bank of Canada, you can “feel, look, and flip” to make sure the bill is real. The polymer bills can last much longer (up to two-and-a-half times longer) than … Continue reading

US Currency Design Timeline

from, “New Currency History” 1861 – first general circulation of paper money by the federal government 1929 – all paper currency is reduced in size by about 30% to lower manufacturing costs, and standardized designs across each denomination are introduced. 1955 – In God We Trust motto first appears on paper currency 1990 – Security thread … Continue reading

Guinness Family History

[The Guinness family owned the brewing company for seven generations of men named Arthur] When the first Arthur Guinness died in 1803, the Second Arthur, as the eldest son to enter the family business, became the patriarch and head brewer at St. James’s Gate. In 1820, when the Second Arthur withdrew from his management role … Continue reading

A pair (TRIO!) of market-driven beer and burger joints

I think it must be the zeitgeist of our times—with the recession, Wall St. scandals, the Occupy movement and the 99%/1% tension—that this idea seems to be cropping up simultaneously in multiple cities.  In Washington D.C. we have The Big Board, a new beer-and-burger concept where beer prices fluctuate in real time based on demand. … Continue reading

Street parking and the law of supply and demand

San Francisco is trying to shorten the hunt with an ambitious experiment that aims to make sure that there is always at least one empty parking spot available on every block that has meters. The program, which uses new technology and the law of supply and demand, raises the price of parking on the city’s most crowded … Continue reading

Niche Market Banks

Tribe introduced in 2011, meant to be offer “banking experiences for niche communities.” These banks are online only, very specifically targeted. Is this really a way to “make financial services more relevant to customers?” The first niche bank launched was Wag, meant for dog lovers. The website is not yet a functioning bank, but it intends to … Continue reading

Money Makes You Feel Better

…according to Kathleen Vohs, professor of Marketing at U of Minnesota, who has conducted studies about the emotional and physical effects of handling money.  In one of our experiments, our participants would come to the laboratory, and their first task would be either counting out slips of paper or counting out slips of money, hard … Continue reading

How do you market a currency company?

While most companies that influence our everyday lives pay untold millions of dollars to cram their names and logos down our throats, few people know the names of the firms that make some of the most ubiquitous objects in the world. And they like it that way. Many of the countries with the most high-tech … Continue reading

Design for a Dollar

Epic video announcement for 2010 (still-unreleased?) redesign of US $100 note: All US currency redesigns must perpetuate certain “legacy features” that are on all the currency that’s ever been issued — because the US will accept all currency ever issued as legal tender, the notes have to have a certain amount of consistency. Or so … Continue reading

Alternative Currencies

Alternative, (or private, or sovereign) currencies are currencies used as a viable alternative to the dominant national central-bank distributed currency. They are perfectly legal  in the United States as long as they don’t look like federal reserve notes and as long as they’re not called dollars. in the US, you’re not legally obligated to accept … Continue reading

US Treasury Cash Room

The US Treasury Cash Room dates back to 1869, when it was the location for the transaction of the government’s financial business. The Treasury needed a bank in the building, and so one was built — in the style of “a roofed version of an Italian palazzo, a traditional bank design throughout Europe.” It features … Continue reading

And now for something completely different…

Jokes About Bankers from BBC News, Sickipedia, and The Daily Mail. Q: With the current market turmoil, what’s the easiest way to make a small fortune? A: Start off with a large one. Q: What’s the difference between an investment banker and a large pizza? A: A large pizza can feed a family of four. … Continue reading

Paul Revere and Colonial Currency

During the American Revolution, the Continental Congress issued paper money to fund the Continental Army and the war effort in general. This money was known as Continental currency, or Continentals. It came in very weird denominations, ranging between 1/6 of a dollar and $80. Newly freed from British restrictions, the individual states began printing their … Continue reading

Currency Security Technologies

Some definitions for technologies, processes, and other terms involved in the security printing industry. See here for the individual trademarked names that have been given to different proprietary versions of these technologies. The substrate is the material that is being printed on, typically paper. Overt security devices are meant to be easily seen by the naked eye; … Continue reading

Trademarked Currency Security Technologies

A long if not necessarily complete list. Crane: MOTION – “the new standard in optical security features,” “first micro-optic based material ever used in banknotes. MOTION images appear to move in a fascinating and counter-intuitive way, as if floating on a liquid surface. This striking effect is caused by a micro-lens array interacting with a … Continue reading

Early Currency Security Tech

In 1842, Zenas turned management of the company over to two of his sons, Zenas Marshall Crane and James Brewer Crane. Two years later, Zenas Marshall developed a paper that significantly deterred the altering of banknotes. He was able to imbed silk threads vertically into the paper to indicate the note’s denomination: one silk thread … Continue reading

What Bank of America Can Do For YOUR Corporation!

Asset-based Lending Bank of America Business Capital provides asset-based loans of $10 million or more for working capital, acquisitions, expansions, turnarounds and debt restructurings. Equipment Finance/Leasing We provide equipment financing solutions to U.S. corporations with annual revenues over $25 million. With a solutions-oriented approach to asset financing, we leverage our intellectual capital in the development … Continue reading

Philadelphia society, robber barons, & social services

The City of Brotherly Love was one of the most snobbish in the country.  Yet, the city’s old families were not foolish enough to turn their backs on the new wealth that was being created by the Pennsylvania Railroad and the nearby coalfields.  Instead, an informal deal was struck with the corporate parvenues:  they could … Continue reading