Bitcoin Price was the Most Important Economic Story you missed in 2016

The price of a bitcoin more than doubled over the past 12 months. Back on December 26, 2016, a bitcoin was trading for $417.22, by Christmas Day 2016, one was worth $878.51, by Boxing Day (December 26) it had reached $901.58, Coindesk’s Bitcoin Index indicates. To further excite speculators the bitcoin price briefly hit $917.63 on Friday December 23.

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The Luddites are coming!!

We must learn to understand Luddism and deal with it because the Luddites are coming. Many of them are already here but many more are on the way. If technologists do not find ways of dealing with Luddites and their arguments there will be violence and people will get hurt.

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Why you should be Scared of Robotization

“There is also nothing in economics that guarantees that the humans displaced from jobs by robots will end up with new jobs that pay as much as their former jobs, or pay enough to attain a middle-class lifestyle,” Freeman noted. “The main thing to fear today is not joblessness, but a future in which the earnings of workers are stagnant or falling (as robots take a greater share of high-productivity jobs), and the share of income going to the owners of the machines increases.”

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The Problem of Work

The employment figures clearly define the problem: we now have an economy that creates jobs that a large segment of the population does not regard as work.

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The Danger from One-Country Nationalism

By ignoring the rest of the world and international institutions, one-country nationalism makes a realistic foreign policy impossible. The refusal to acknowledge economic realities makes a modern economy impossible. That makes one-country nationalism a utopian belief that rejects reality which is dangerous.

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Reasons why Conservatives (and Everybody Else) should be scared to Death of Brexit

Conservatives need to be leery of Brexit, because it is not what it appears to be. Instead of a paradigm shift away from globalism and internationalism; the UK’s exit from the European Union might be a pyrrhic victory for nationalism – that sows the seeds of the destruction of the British nation.

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Orlando’s Greatest Casualty: Individual Responsibility

The greatest casualty of the massacre in Orlando was one of the fundamental ideas upon which our civilization is based: individual responsibility. Even before the victims’ blood was dry; all manner of commentators had launched a well-organized campaign to absolve the mass murderer; Omar Mateen, of all blame.

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Walmart Demonstrates how Technology Kills Jobs

The nation’s largest retailer is planning to eliminate hundreds of back office jobs at its stores, Market Watch reported. The jobs eliminated will be clerical positions in accounting and invoicing.

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How Technology Kills Jobs and Drives Income Inequality

The idea that technology destroys jobs, impoverishes people and makes income inequality worse is a hard one to swallow, particularly

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