The new GO will be better than the old GDP, but it will still miss huge swaths of economic activity taking place here.
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Concerns that Bitcoin prices have gotten way ahead of themselves are increasing, with some suggesting a mania similar to tulips or a Ponzi scheme.
The regulators are finding themselves increasingly behind the curve in their attempts to capture and regulate the Bitcoin.
It’s a wonderful thing: technology and the internet running away from totalitarian thugs like Schumer, Nelson and Israel.
Once more, faith in free enterprise is confirmed. When a crack in the regulatory regimen appears, the free market flourishes.
Even in a totalitarian state like China, workarounds abound.
Economic freedom under a communist political dictatorship doesn’t work very well.
This ruling by a federal court that bitcoins are money is just another step towards credibility and legitimacy for the digital currency.
The probably did overpay. The chance to own a “legacy” newspaper possibly overcame their good judgment. “Never buy in a down market” is good advice on Wall Street. It’s also good in the newspaper industry these days.
The shrinking being experienced by the mass print media isn’t just being fueled by declining revenues, but by its continuing loss of credibility. Justice may be slow but it is sweet.