iankennedy + economics   3

A most peaceful revolution
As economics 101 holds, busting a monopoly (governments are effectively local monopolists in the market for money) by introducing competitors should make the market fairer for consumers. Faced with no alternative, citizens were previously forced to save in their local currency and tolerate inflation. Now with an effective off-ramp, citizens have the choice to exit the local monetary regime, at significant cost to the central bank (selling their local currency increases the velocity of money and worsens inflation). So the mere existence of Bitcoin instills monetary discipline on a central bank which might otherwise pursue a ruinous level of debasement.
bitcoin  economics 
september 2019 by iankennedy
Kevin Kelly -- Better than Free
When copies are free, you need to sell things which can not be copied.

Eight things that cannot be copied that publishers can focus on in a digital economy.
KevinKelly  copyright  publishing  economics  from delicious
march 2012 by iankennedy
Information Wants to Be Expensive
Gordon Crovitz on online news. "For years, publishers and editors have asked the wrong question: Will people pay to access my newspaper content on the Web? The right question is: What kind of journalism can my staff produce that is different and valuable enough that people will pay for it online?"
businessmodel  media  journalism  economics 
march 2009 by iankennedy

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