The entire Bitcoin network now consumes more energy than a number of countries, based on a report published by the International Energy Agency.
Read here
Digiconomist: Bitcoin Energy Consumption Index
Economics
Frances Coppola: Everything You’ve Been Told About Government Debt Is Wrong
A brilliant piece that demonstrates that the Swabian Hausfrau may be very efficent for the household, but has nothing to do with national finances. Read here
Corruption
Politico: European Parliament accused of political stitch-up over top posts
The only amazing thing about this report is its portrayal of the current situation as something new. The EU was always extremely corrupt. Instead of embedding this article in the EU tradition of corruption, Politico […]
Economics
Business Insider: The ‘supply-and-demand model of labor markets is fundamentally broken,’ and that’s why you’re not getting a pay raise anytime soon
Part-time “underemployment” has, statistically replaced the mass unemployment we remember from the 1980s. As Johnson says: “A majority of people who are classified as poor now live in a household where someone is in work. […]
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