With Romney leading the pack for the Republican nomination, it is germane to ask what is his take on the inequality in American society? Romney is part of the 1% - he sees a $360,000 income as peanuts (click here). But more telling is his view that concern about inequality is simply down to envy! This reveals how out of touch he actually is. The United States fought the War of Independence to rid itself of an aristocratic elite. From across the Atlantic, it looks like aristocracy is coming back into vogue.
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.