The sole use of money is to circulate consumable goods. Those are the words of Adam Smith. It was a throwaway line in Wealth of Nations so over-the-top obvious was it. Money only has a purpose insofar

The Only Closed Economy is the World Economy While the Sassoon family is most associated with London today, its grand commercial history goes back many, many centuries. The family first reached prominence

경제에 문외한인 제가 한번 한국 경제를 간단한 수식으로 표현해보겠습니다. MV=PQ 교환방정식(equation of exchange) M, is the total nominal amount of money supply in circulation on average in an economy. V, is the velocity of money, that is the

Malta is becoming a blockchain powerhouse, companies and exchanges are now setting up shop in Malta. Steve Wozniak compares blockchain to dot com bubble. US mortgage applications implode. First quarter

Bitcoin ecosystem at a glance and this is Bitcoin price update, market cap, daily transactions and money supply.

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My Predictions on the Economy America is the land of the riches— we’ll to rephrase that: the land of the richest. The Great Recession has left our economy in a precarious situation; our economic inequality