economics

Swag, Vapes And Econ: My Day At The North American Bitcoin Conference

Bitcoin may have emerged from a shadowy corner of the internet, but soon, it will have its own government affairs office in Washington. According to the crypto-currency’s biggest advocates, who assembled at the second North American Bitcoin Conference this weekend in Chicago, Bitcoin is all grown up. In reality, it’s entering adolescence — which is way more interesting.


What Gives Paper Money Its Actual Value?

Money is just tinted paper printed with different numbers on it. So what gives the ol’ greenbacks its value? The bills used to be tied to the gold standard, but now it’s up to the Federal Reserve to control how many bills there are. So why can’t they just decide to print out ridiculous amounts of bills to make everyone rich?


A Glimpse Of How We'll Use Our Land In 2051

It’s the year 2051. Welcome to a view of the American landscape. Urban areas have swollen with people. Range and pasturelands have shrunk. There’s a bit more forest than there was back in 2014, a result of economic incentives driving more timber production. These are a few of the predictions of a new study on how people will use privately held U.S. lands in coming decades.


Artisanal Bread And Wine Might Be Bad For Australia's Economy

You’d think a renewed focus on handmade products would be good for a country’s economy. That’s not the sentiment in Australia, with a new report claiming that handcrafted industries which require more employee hours, like bread baking and winemaking, are to blame for the country’s sagging productivity.


Single Vending Machine Replaces Last Shop In English Town

So clever, so depressing: the English town of Clifton, having dwindled in economic strength over the years, has responded to the loss of its last place to shop with a giant vending machine. The so-called Speedy Shop — really, an oversized, building-shaped machine standing alone in a dreary parking lot — is meant to help bring some economic life back to the town.


Incredible New Trading Software Only Lost Money One Day In Four Years

If you think the stock market can be a gamble, you’d now be wrong. The latest trading software developed by Virtu — a company specialising in high-frequency trading — has had only one day of loss in the past four years.


Cost Of Living In Sydney Is Now Higher Than Tokyo

Legendarily unaffordable Tokyo is no longer the priciest metropolis in the world — it has been supplanted by another, far more inaccessible city. Want to take a guess who it is? It’s not New York. It’s not San Francisco. The world’s most expensive city is…


How Data From Three US Rating Agencies Control The World's Economy

Is it governments that control the economy? Banks, perhaps? Or maybe even the people? Nope, in fact, it’s rating agencies — and the there are three in the US that practically control the world economy.


Bitcoin Fragmentation Is Getting Out Of Hand

You probably won’t be surprised one bit to learn there’s a new Bitcoin competitor out there. A group of cryptographers just announced the creation of Zerocoin, an ultra-anonymous cryptocurrency that’s otherwise a lot like the dozens of other newly launched cryptocurrencies.


Why The Swiss Evacuate Their Cows By Helicopter

At first, it’s kind of charming. Look how well the Swiss treat their cows! A helicopter is dispatched just to carry an injured bovine stuck in the mountains! It’s not an uncommon sight in the Alps, either: in Switzerland, insurance that covers helicopter evacuation for your family also includes your cows.


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