11:25 AM, Jun 23, 2014 • By DANIEL HALPER
Greg Abbott, the Republican candidate for governor in Texas, is now accepting the digital currency Bitcoin. He's just now released this ad, letting supporters know:
"You may have heard…my campaign is now accepting Bitcoin—a safe and secure way to contribute. To contribute Bitcoin to my campaign, go to GregAbbott.com, click the Bitcoin button at the top of the page, type in your information, and send your Bitcoin using your service of choice. Every bit counts, and I appreciate your help. Thank you," Abbott says in the ad.
11:35 AM, Mar 5, 2014 • By JONATHAN V. LAST
"Bitcoin" is the most widespread, cryptographically-secure Internet currency. It was created in 2009 by someone (or someones) who referred to themselves as "Satoshi Nakamoto." Once it was released into the wild, the bitcoin currency ecosystem operated on a public, inalterable schedule.
12:00 AM, Feb 9, 2013 • By IRWIN M. STELZER
Growth is the summum bonum of economic policy. Tough to arrange at home: stimulus packages don’t work very well, and monetary policy produces lots of fiat money but not very many jobs. The solution: export-led growth—the other guy will buy so much of your goods and services that your economy will grow. There are two ways to make this sort of growth happen. Lower the international value of your currency so that your output is cheaper overseas, or increase productivity at home by lowering labor and other costs and therefore the prices you need to charge foreigners.
12:41 PM, Oct 12, 2011 • By MICHAEL WARREN
During Tuesday night’s debate in New Hampshire, moderator Karen Tumulty challenged Mitt Romney on his recent tough talk on China. Romney says China is a “currency manipulator” and argues that, by setting unfair prices and allowing the theft of American intellectual property, the Chinese government is cheating world markets and must be held accountable
Not yet.12:00 AM, May 28, 2011 • By IRWIN M. STELZER
The fuss about a possible default if our warring politicians fail to agree on an increase in the debt ceiling is good fun for reporters: the president removed himself from the negotiations in favor of a visit to the Palace and says he won’t agree to cut spending unless the Republicans agree to raise taxes on the rich, variously defined as families earning more than $250,000 per year and “millionaires and billionaires.”
A currency divided against itself cannot stand.May 9, 2011, Vol. 16, No. 32 • By IRWIN M. STELZER
A spectre is haunting Europe—the spectre of the disintegration of the eurozone. All the powers of old Europe have entered into a holy alliance to exorcize this spectre: German chancellor and French president, the Brussels eurocracy and the bonus-laden bankers. Let the ruling classes tremble. The debtors have nothing to lose but their burdens.
12:00 AM, Oct 23, 2010 • By IRWIN M. STELZER
The good news, as reported by the Federal Reserve Board survey of business conditions, is that “on balance, national economic activity continued to rise” in September and at the beginning of this month.
Didn't stay in Greece.12:00 AM, Jun 19, 2010 • By IRWIN M. STELZER
There is a direct line from Athens to Toronto, and not only on Air Canada. The more important connection is provided by the financial markets.
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