My copy of Barry Eichengreen's Hall of Mirrors: The Great Depression, the Great Recession, and the Uses - and Misuses - of History arrived last Saturday morning. In this book, Eichengreen draws parallels between the Great Depression and the Great Recession. He also shows how the history of the Great Depression has been used and misused in dealing with the Great Recession. Below is a video where Eichengreen is interviewed about his new book.
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.