Nobel laureate Eugene Fama warns that Bitcoin has “a close to 100%” chance of becoming worthless within a decade. Fama argues ...

“Monopoly money” is a term for useless paper notes. Inflation was so bad in 1930s Weimar Germany, it took literal wheelbarrows of cash to buy groceries. In Robert Mugabe’s Zimbabwe, inflation at one ...

With investors eager to get in early on new cryptocurrency projects, some unscrupulous developers have attracted investments, then walked away before building what they promised — leaving their ...

Despite still showing no signs of ever paying off, the Iraqi dinar scam not only lives on, but appears to have found a new home where the worthless currency can easily be bought and sold without ...

In a move not entirely unexpected, the Zimbabwean government and the Central Bank of Zimbabwe decided over the Easter weekend to throw their own worthless currency out of the window, replacing it wit ...

Hyperinflation describes an unsustainable period of economic dysfunction characterized by price increases of at least 50% per month. These times of rapid, intense and destructive currency devaluation ...

Freeing America from the “Tyranny of the Penny” is the Times’s new monetary crusade. The penny “may seem like a harmless coin,” it avers, yet “few things symbolize our national dysfunction more than ...