Banking in Crisis is officially launched this evening at my inaugural lecture, which is taking place at Queen's University Management School. In my lecture, I will be addressing two questions: (a) how severe was the 2007-8 banking crisis? and (b) who was to blame? In the lecture, I'll show that the 2007-8 crisis is the worst banking crisis ever experienced in the UK and that failures in the UK political system were ultimately to blame.
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.