Bitcoin – A Cost-BenefitAnalysis http://feedly.com/k/19kfpxo David Woo’searlierdiscussionofthe ‘maximum‘ fairvalueforBitcoin, we thought his colleague Ian Gordon’s view on the advantages and disadvantages of the virtual currency were worth noting. Woo believes Bitcoin can become a majormeansofpaymentfor e-commerce and may emerge as a serious competitor to traditional money transfer providers. As a medium of exchange, Bitcoin has clear potential for growth, in his view, but itshighvolatility, a … Seguir leyendo Bitcoin – A Cost-Benefit Analysis

FranceUnemployment Surges To 16 YearHigh http://feedly.com/k/1ga1SQM Europe’s second largest economy and crucial to the core founding partnership of the euro project, France, has seen its unemployment rate rise unceasingly for 9 quarters in a row now. At 11.03%, Frenchunemployment has notbeenhighersince Q3 1997. Of course, President Hollande, despite falling PMIs and rising unemployment is hopeful that things are turning around as he notes, France is … Seguir leyendo France Unemployment Surges To 16 Year High

As FastFoodWorkersGoOnStrikeIn 100 Cities, ApplebeesUnveilsThe "WaiterTerminator" http://feedly.com/k/1d1qYMH Today, in the latest escalation by minimum paid restaurant workers who demand greater wages, Fast-food workers and labor organizers are set to turn out in support of higher wages in cities across the country Thursday and walkouts are planned in 100 cities, with rallies set for another 100 cities. While it’s not clear what the actual turnout will … Seguir leyendo As Fast Food Workers Go On Strike In 100 Cities, Applebees Unveils The “Waiter Terminator”

BitcoinTumblesAfter China Central BankBansFinancialCompaniesFromUsing Digital Currency http://feedly.com/k/1gGH7tl As we said back in March, when Bitcoin’s parabolic rise first started, it was only a matter of time before first one, then all central banks take on Bitcoin for the simple fact that it present too great a threat to the fiat system. Sure enough, on the chart below of BTC China it is quite clear just … Seguir leyendo Bitcoin Tumbles After China Central Bank Bans Financial Companies From Using Digital Currency

TheFutureofRetailShopping http://feedly.com/k/1coovgH clickfor complete infographic clickforginormousgraphic Source: GiftLibrary shared via http://feedly.com Seguir leyendo The Future of Retail Shopping

Daniel KuehnontheAustrianBusinessCycleTheory http://feedly.com/k/18FT7f9 Daniel Kuehn has an important and very interesting paper here on the Austrian business cycle theory (ABCT): Daniel Kuehn. 2013. “Hayek’s Business-Cycle Theory: Half Right,” CriticalReview 25.3–4: 497–529. Three insightful critiques of the ABCT are these: (1) the empirical evidence suggests that business people do not respond to interest rates in the way the ABCT predicts: interest rates do not much affect … Seguir leyendo Daniel Kuehn on the Austrian Business Cycle Theory

SpainRaids Social Security Reserve Fundfor €23.6bn toMeetDeficitTargets; New Rules CompoundDeficitWoesforSpain, Italy http://feedly.com/k/IL6y0R Monetary magic of borrowing money from trust funds allegedly helps Spain come closer to meeting its budget deficit targets reports Eurointelligence. Please consider TheraidingofSpain’s “pensionspiggybank” Spain drew €5bn from the Social Security reserve fund on Monday, reported Europa Press, and will draw an additional €428M on account of income tax before the end … Seguir leyendo Spain Raids Social Security Reserve Fund for €23.6bn to Meet Deficit Targets; New Rules Compound Deficit Woes for Spain, Italy

There’snothing new underthesun, includingBitcoin | FTAlphaville http://feedly.com/k/IL5LwM shared via http://feedly.com Seguir leyendo There’s nothing new under the sun, including Bitcoin | FT Alphaville