Everything you ever wanted to know about Bitcoin – and just a little bit more

There is a marvelous article in the ‘Washington Post’ (yes, I know it’s owned by Bezos, the man that owns Amazon, so is not my usual read either) but it provides the best summary of Bitcoin that I’ve yet encountered. I’ve quoted the introduction to whet the appetite: Bitcoin changes prices too quickly to be… Read more

Why can’t a household be more like a bank?

The short answer to this question is of course that householders don’t issue their own money. But banks do. So perhaps we should be complaining less about the household analogy that is the bugbear of a proper understanding of how the economy works  – and suggesting another more fitting analogy. A government with a sovereign… Read more