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Direct linkClark, J. R.; Niederjohn, M. Scott; Wood, William C. – Social Education, 2018
The cryptocurrency Bitcoin has been prominently featured in the news recently. Its ascension in value has been nothing short of extraordinary. This article briefly explains what Bitcoin is and how it works. The more challenging question is what Bitcoin--this cryptographic breakthrough--really is: currency, like the U.S. dollar, an asset, more like…
Descriptors: Monetary Systems, Definitions, Computer Networks, Consumer Economics
Niederjohn, M. Scott; Wood, William C. – Social Education, 2009
Debates over how to promote a healthy economy are pervasive once more, after decades when it seemed such debates had been put to rest. The market meltdown of 2008 ended a long string of years in which monetary policy reigned supreme. Monetary policy is the regulation of money and the banking system to influence economic variables. Its adherents,…
Descriptors: Economics Education, Banking, Financial Policy, Monetary Systems
