This is my first post of 2014. I've been so busy working on research projects and getting ready for the new semester, that I've neglected my blog! So as its my first post of 2014, I want to talk about something uplifting. How about Britain's impending financial crash and debt crisis? The video below by MoneyWeek is part scaremongering and part drumming up business, but it worth watching as it does make some salient points. Most people want to ignore the scale of the UK's debt problem, but this documentary tackles it head on. Happy 2014!
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.