History plays a very important role in society. It connects us to our ancestors and where we have come from. History also plays a very important role in helping us navigate the present and future. History helps us understand economics, national politics, and geopolitics. Political and business leaders need a thorough and rounded education in history. But it appears that they are not getting it. Niall Ferguson in the provocative video below explains why this is the case. In effect, he claims that university history departments are in the process of making themselves irrelevant because political, social and economic history are being squeezed out of the curriculum by anachronistic and politically correct history courses.
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.