Currency


The Rise and Rise of Bitcoin

Will the rise of Bitcoin bring a monetary paradigm shift that will forever change the world?

Production & Utilization of Wealth/Money Currency and Exchange  search What has been the impact of the fluctuating value of the dollar on the company's import and export activities?  What protective measures does the company take against currency fluctuations?  What exploitive measures does the company take with respect to currency fluctuations? in general: calculators: www.x-rates.com | open source: opencoin | paper: fortresspaper | sending/receiving: stellar | trading: forex, www.fxall.com, www.oanda.com | virtual currencies: amazon coins, webmoney | Wolfson Economics Prize big idea bitcoin: about: FBI assessment | ATM |  buy/use/accept: coinbase | documentary: The Rise and Rise of Bitcoin Globalization | Financial | Risk | Inflation | Innovation | Intl | Monetization

DAVOS: World Economic Forum

Economic Theory and Systems Economic Theory: index of economic freedom Economic Systems Historical development of economic systems Capitalism Centrally-planned systems Appraising economic systems The Consumer and the Market Scarcity, utility, and value: behavioral economics: | Valuation Consumer behavior: Buying Decisions | inelasticity Markets: markets hate uncertainty | Randomness Price system in capitalist economies Organization of Production and Distribution Organization of the production of goods Marketing and Merchandising Inputs of the productive process Institutions that facilitate business formation, production, output Money Currency & Exchange Banks International: Bank for International Settlements BIS economic statistics business organization stock markets Agricultural economics International trade Government’s role in production & distribution Methods of business organization Advertising & Promotion Distribution of risk Consumer credit For a disciplined credit card user, the interest rate is essentially irrelevant because a credit-smart consumer pays off the most recent transactions with each monthly bill; i.e., you never carry an outstanding balance which is the most powerful way to build a solid credit rating.  If you want a rewards program with your card, then that generally requires an interest rate greater than 0% and the higher the interest rate, the better the rewards since interest income is what covers the cost of the rewards program for card issuers.  But as previously stated, if you are paying off the transactions each month and not carrying an outstanding balance, the high interest rate is irrelevant.  BOTTOM LINE: use a credit card for convenience, security (don’t have to carry alot of cash around), and to create a detailed transaction record,  but not as a loan! Distribution of Income and Wealth the rich get richer and the poor get poorer Matthew Effect Distribution by categories of the population: Forbes 400 | gini coefficient How government affects the distribution Capitalism Taxation Laffer Curve postulates that no tax revenue will be raised at the extreme tax rates of 0% and 100% and that there must be at least one rate where tax revenue would be a non-zero maximum. Poverty Macroeconomics National income and employment theory: misery index Intl. equilibrium and disequilibrium Business cycles Inflation and deflation Economic Growth and Planning Nature and causes of economic growth Planning for economic growth and stability Government Finance Growth books, forums, journals Stealth of Nations by Robert Neuwirth The Mystery of Capital by Hernando De Soto big ideas The Wealth of Nations by Adam Smith Wall Street Journal World Economic Forum Davos Globalization | Buying | Acquisitions | Economics | Human Rights | Issues |