Inequality has been the theme of my posts this week since it is being much discussed in the media thanks to the annual World Economic Forum meeting at Davos. Here is Robert Peston's take and in the short clip below, Jeremy Paxman grills Bill Gates about inequality.
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.