Some of the
authors at Education News sent me a
neat infographic after reading one of my previous posts on the higher education
bubble. Click here to see it. The
accumulation of debt by US students to pay for their education is such that the
sum of total student debt exceeds the sum of total credit card debt in the
US! My fear is that the UK will
eventually head in the same direction, with ever-increasing tuition fees being
paid for by an ever-increasing student debt.
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.