Rising inflation suggests economic recovery is going well in the EU's east. But as Poland joins its neighbors in tightening monetary policy to stem further rises, is this the start of an era of higher borrowing costs?
The Bitcoin Guessing Standard
Bitcoin is a software program designed by Satoshi Nakamoto (which is believed to be a pseudonym). His objective, at least on the surface, was to create electronic cash; a new hard money. This is why it is often referred to as digital gold. Satoshi Nakamoto, in his design of Bitcoin, was influenced by the prior work of Hal Finney. Critically, with regard to creating electronic tokens, Finney took seriously the cost theory of value. In turn, when Nakamoto wrote his white paper, regarding Bitcoin, he embraced Finney’s notion that processing power and electricity expended would drive the value of an electronic coin. To date, Bitcoin has failed to become an effective electronic currency. Rather, it seems Bitcoin was designed to become an expensive electronic asset more so than becoming money. Bitcoin enthusiasts, regardless, point to its lofty valuation as evidence Bitcoin will become the world’s decentralized money. This is a mistaken view as Bitcoin ha
There may be a strong decline in employment : BIEC
The Labor Market Index (WRP) – informing in advance about future changes in the level of unemployment did not change in February this year, the Bureau of Investments and Economic Cycles (BIEC) reported. Analysts indicate that in recent months the indicator shows increased volatility, and pandemic restrictions may contribute to a significant correction in the size of employment. The Labor Market Index (WRP) informing in advance about future changes in the level of unemployment in February this year has not changed its value compared to last month. Since last autumn it has shown increased volatility in the following months. On the one hand, protective measures encourage storage workers, on the other hand, uncertainty and weaker economic activity would dictate redundancies. However, employers still have in mind the notorious problems with finding a suitable workforce. The prolonged perio