For News Outlets Squeezed From the Middle, It’s Bend or Bust NYT
It’s impossible to discuss new developments in money without thinking for a moment about what money is. The best place to start thinking about that is with money itself. Consider the UK’s most common paper money, the English five or ten or twenty quid note. On one side we have a famous dead person: Elizabeth Fry or Charles Dickens or Adam Smith, depending on whether it’s a five or ten or twenty. On the other we have a picture of the queen, and just above that the words ‘I promise to pay the bearer on demand the sum of’, and then the value of the note, and the signature of the cashier of the Bank of England.
John Lanchester short essay on Bitcoin
April 15, 2016
2. Paul Krugman on the return of elasticity pessimism; I would stress more whether the supply chain for the exports is internal to the single nation or spread across many nations (currencies).
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