There are two notable economic facts about weddings in the West. First, brides spend an exorbitant amount on a dress which is worn only once. Second, the costs of weddings have been rising faster than inflation for at least two decades. Click here for an interesting article which provides economic / behavioural explanations for these two phenomena.
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.