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A European Perspective on the Future of the Euro Area

A few weeks ago I wrote on this same blog that the main economic problem facing Europe was Immigration.  However, I do not want to leave the readers with the impression that the current financial crisis is any less important and critical. Thus, I will now focus on that other problem, as if the first…

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Europe’s Main Economic Problem May Surprise You

On February 9, 2014, just over 50 percent of Swiss citizens voted in favor of a referendum restoring quotas for immigrants coming from other EU countries. Switzerland, a country of eight million, is not an EU member but has negotiated several agreements with the EU guaranteeing the free movement of goods, services, people and capital…

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Bitcoin as Electronic Currency

Bitcoin

Exit the dollar, the euro, etc.  Not so fast!  Non-governmental currencies have existed before; however, an unregulated virtual currency is something new and different.  Bitcoin is a cryptocurrency that was created in 2009 by a computer scientist known only under the pseudonym Sutoshi Nakamoto.  Bitcoins are not held in bank accounts but in digital wallets…

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