Posts Tagged ‘currency’

Interactive Big Mac Index

Over at the Economist website, they have a very interesting interactive tool for the Big Mac Index. The Big Mac index was invented by The Economist in 1986 as a lighthearted guide to whether currencies are at their “correct” level. It is based on the theory of purchasing-power parity (PPP), the notion that in the […]

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Bitcoin: Currency of the Future?

Bitcoin has been gaining much media attention due to its recent rise in popularity. Rather than relying on a central monetary authority to monitor transactions and manage the money supply, Bitcoin uses peer-to-peer technology to allow users to make purchases online without using a credit card or bank account. The rate of inflation for the […]

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