Online reviews of products, shops, hotels etc. are very common, but are they helpful? Hotels, for example, could receive fictitious negative reviews from neighbouring hotels or they could even give themselves fictitious positive reviews. You can read an interesting piece over at Slate on the economics of internet reviews. Click here for an academic paper which empirically investigates the authenticity of online promotional reviews by comparing reviews on Tripadvisor with those on Expedia.
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.