Hard Currency: What a Ton of Cash Will Buy

With more and more financial transactions being conducted electronically, it’s easy to forget the physicality of money. What a dollar weighs, or a pile of them. So just for fun, let’s start piling up the Benjamins and see what …

Why Is the Fed Letting Banks Boost Dividends?

The Fed’s decision to allow big banks to pay sharply higher dividends makes no sense, and not just because the results of the so-called “stress tests” are secret. Based on facts that are public knowledge, the banks are actually…