Mar
21
2012
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Where does the government get the money it spends?

blood-and-taxesMuch of the money that the government spends comes from taxation. Taxation includes income tax, social security or national insurance levies, sales taxes or goods and services taxes, import tariffs, excise taxes, property rates or council taxes, stamp duty, death duties, and many more. In the past, there were taxes on such symbols of wealth [more...]

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Dec
12
2011
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What's the difference between government debt and a government's deficit?

debt-spiralThe terms deficit and debt are sometimes used loosely by politicians. It may even be politically expedient to use the terms sloppily. If a government spends less than its income, the government is said to operating at (or “running”) a surplus. If a government spends more than it receives, it is running a deficit. If [more...]

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Apr
24
2011
3

What is the world's most expensive pizza?

bitcoin-pizzaAt one time, the world’s most expensive pizza was a truffle pizza served by the Maze Restaurant in London for £100 ($150). That wasn’t expensive enough, so Nino’s Bellissima Pizza in New York created a caviar pizza for $1000, or roughly $30 per bite. Even more expensive was a single £2150 ($3225) pizza created by [more...]

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Feb
17
2011
5

How is Yap stone money similar to Bitcoin?

yap-stone-moneyThe traditional currency of the islanders of Yap consists of large disks called Rai stones. They are carved from limestone, and in traditional times were shinier than anything else on the island, which made the stone money desirable. But there was a catch—there was no limestone anywhere on Yap. To obtain the stones, the Yapese [more...]

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Dec
10
2010
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Can you eat gold?

edible-gold.chocolateThe other day I heard someone saying that Gold is not worth investing in. After all, he said, if the financial system collapses you can’t eat gold, can you? Well, actually you can, unless you have a gold allergy. Many upmarket gourmet shops will sell you edible gold. It comes in several forms: dust, flakes [more...]

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Nov
02
2010
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What are some good sites to earn money online where I won’t get scammed?

lululemon internet scam make money onlineThe odd thing about an awful lot of sites promising that they can make you money online is that they want your money first! You have to pay to play if you want to learn the secrets of earning an internet income — or so they want you to believe. I’m not saying that there [more...]

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Nov
01
2010
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Where Can I Find Unclaimed International Money and Property?

unclaimed property assets money coin medal collection nkcrBelieve it our not, people abandon their valuables all the time, to the tune of billions of dollars of unclaimed assets sitting in accounts around the world. Perhaps someone moves away from home and forgets about their local bank account or safe deposit box. Or a property passes on to an heir who cannot be [more...]

Oct
30
2010
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Can a Business Get Government Grants?

uncle sam government grantsYour rich Uncle Sam gives away billions of dollars every year in the form of government grants. Most of it is distributed to non-profit organizations, universities and state and local governments. A small chunk of grant money, though, is available to commercial businesses for everything from cutting edge research projects to supporting urban farms.  You can [more...]

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Sep
17
2010
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Why might Flattr succeed?

flattr-peter-sundeFlattr is attemtping to do what many others have tried before—to build a micropayment system so that people can easily reward those who create useful or enjoyable content. Many who tried this have failed, and others (such as Kachingle) look as if they might be languishing. So what does Flattr have going for it that’s [more...]

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Aug
25
2010
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What is a Payday Loan?

monopoly board collecting salaryPayday Loan is the name given to a short-term loan or cash advance which as its name suggests is only required until the borrower’s next payday when it can be paid back. A tide-you-over loan is often seen as a quick answer to a temporary shortage of money, but it is not designed as a [more...]

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