Slate has a neat widget which allows you to calculate how long it takes Mitt Romney to earn your income. Wealthy individuals have run for the Presidency before, but Romney could be the first mega-wealthy person from the financial elite to run for President. BTW, last week's Economist has an interesting article on how the rise of the 1% is closely associated with the rise of the new financial elite - click here.
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.