money

New Silk Road Reopens Golden Age of Commerce

16.02.2018

The Great Silk Road is an ancient trade route that ran between China and West's Roman Empire. It is often dubbed one of the most significant achievements in the history of the civilization. It is certainly so from an economic standpoint.

Chinese Agency lowered the US sovereign credit rating

25.01.2018

Chinese credit agency Dagong has lowered the United States’ sovereign credit rating. Slapping it down from A- to BBB+, placing the US on a negative outlook. This rating is now on par with those of Peru, Colombia and Turkmenistan.

China Wants Control Over Bitcoin

18.01.2018

Today the bitcoin crash can be attributed to a perfect storm of bad news for cryptocurrencies. Sunday night, the crypto exchange black wallet was hacked. While the thief involved a minor crypto currency, the major coins felt an impact.

THE QUALITY OF MONEY

02.08.2017

What is the purpose of money? Where does it come from? Inequality generates trade and specialisation creates the need for money .