My 2013 Corporate Finance class graduate this afternoon. I really enjoyed teaching this class so it will be great to see them do the graduation walk! I am delighted that many of them have done well in the job market. Ligia Mladin is to be congratulated for graduating top of her year group and Liam Trainor is to be congratulated for being the top student in my Corporate Finance class. Both Ligia and Liam received prizes at the School prize-giving ceremony this morning.
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.