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Articles on Money

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Money is much more than just bank notes and coins issued by central banks. EPA/Aaron Ufumeli

Explainer: the real role of banks in money creation

The misguided belief that banks create money out of nothing has generated public anger with organisations and individuals calling for an overhaul of the system and an end to money creation by banks.
They’re waterproof and tough – not to mention colourful – but plastic notes were developed for their unforgeability. Lis Ferla/Flickr

Proceeds of crime: how polymer banknotes were invented

Welcome to CSIRO Inventions, a series looking at the discoveries and innovations borne from Australia’s national science agency. In this first instalment, we outline the story behind the plastic money…
I sent a friend request so I’m pretty sure this is OK. mattiasjajaja

Nothing is private once Facebook gets into your wallet

Facebook has been on a shopping spree in 2014. It’s looking to buy a drone company so it can bring the internet and Facebook to the remaining 6 billion people on Earth who aren’t already using it, and…
3D printed hat - just the thing for Melbourne Cup. Flickr/ Hindrik S

What price our fascination with cheaper 3D printing?

The future of 3D printing is firming up as it moves from do-it-yourself tinkerers to key players selling complete consumer solutions. This shift brings important ecological and socio-economic implications…
Wanting things can make you happier than purchasing them straight away. Shutterstock

Money can’t buy you happiness, but it can put it on lay-by

The fact that that money can’t buy you happiness is generally well accepted. Happiness, it appears, is more about meaning and satisfaction than the acquisition of more stuff. But money isn’t all bad. It…
Forgot your purse? Don’t worry - read on for digital payment options.

From your wallet to Google Wallet: your digital payment options

Money has come a long way from gold coins stamped with the Emperor’s likeness. Today, the vast majority of money is digitised - in the US, notes and coins comprise only 7% of cash in circulation. So with…

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