Is BitCoin the currency of the future?
In this podcast from EconTalk and the Library of Economics and Liberty, Gavin Andresen, Principal of the BitCoin Virtual Currency Project, talks with host Russ Roberts about BitCoin, an innovative…
How does adding debt prevent us from default?
Geithner’s suggestion is to raise the amount of debt the borrower can take in. But that only allows the borrower to get further in the hole, and end up owing more every year. If the borrower can’t pay off the debt as it stands, what is to say that he will be able to do so when the debt is more than his income?