The standard
view on income inequality is that the US is a much more unequal society than
Europe. However, once we consider Europe
as a single entity (i.e., United States of Europe) rather than individual
countries, income inequality is much greater in Europe. Given that there is effectively a single
labour market in the EU, it probably makes sense to think of European income inequality
in this manner. You can read more on
this over at Slate.
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.