Will part of remaking the economy involve rethinking our currency, changing from money supported by governments to money supported by communities? And is Bitcoin the model for this shift, or merely a flash in the pan?READ»
Digital currency Bitcoin is regulated by no nation or bank. Critics say it's used by drug dealers, legislators are threatening crackdowns, and some argue the whole idea is an utter scam. Sounds nefarious--but it's just like the history of "real" money.READ»
Whoops! The new bills' high-tech anti-counterfeiting features were too much for government printers. Now about a billion bills are in quarantine, and many will need to be burned.READ»
The Indian Finance Ministry unveiled its choice for the new Rupee symbol today--and it's an amalgam of both Eastern and Western letters, using the Devanagari "Ra" and Roman capital "R."
India's currency has been strangely bereft of ...READ»
While the almighty dollar sign is universally known (and the oft counterfeited bills undergo frequent upgrades), India's currency, the rupee, has been strangely bereft of an official symbol to use when denoting it in text. Today it'll ...READ»
This week I ran a program on “influencing” for 240 managers and entrepreneurs in Colombia. Although, as usual with my travels, I don’t get to stay as long as I would have liked, (I only stayed in Caracas for a little more than ...READ»
Arrogance will never die of course, but hopefully the last few months have set it back a pinch.
The Wall Street Journal had a remarkable piece this past weekend on the banking boom and bust of Iceland. An entire economy - currency ...READ»
America has collectively awakened to a crisis. Fear and a bunker mentality have choked consumer spending. It seems bad news makes people act even more conservatively, which makes things worse, which makes for more bad news. Most of ...READ»
To intervene or not to intervene. That is the raging debate on our satellites. That is the raging debate around our water coolers. ‘Let them fail!’ or “They are too big to fail.’ But it is far deeper and more subtle than ...READ»
There is a new drugstore test called the E.G.T. (Early Government Test). You pee on a stick. If the lines appear, you are no longer living in a free market.
Of course, it may be a temporary condition. A few months of ...READ»
The churning of the press in the last few weeks has at least been good for something. If there were any doubt before, none now should remain. Our national conversation about our economic woes is shockingly devoid of an original voice. ...READ»
