With a market cap of approximately €87.4 billion and a current all-time high price of €5270 (Wilmoth, 2017), Bitcoin’s price and success seem to be heading through the roof and beyond. While hitting the €1000 mark in mid-January , the price has since increased with almost 430%. Taking into account these extraordinary numbers, the main question arises whether Bitcoin will be the next speculative bubble.
In the last article we observed the economics recessions in Venezuela, but how do they affect the social life of the individuals?
Up until now, you have had endless opportunities to explore which party fits your position best. The debate has mainly centered itself around care, immigration, and pensions. While this does mostly negatively affect our generation. Let’s walk through the Dutch elections on the basis of the Brabants Election Debate, and other media.
Now that we have seen the first acts as Trump in his position as president of the United States, the time is now to reflect on his economic ideas and first acts. Obviously, it remains unclear how Trump will fill in the rest of his presidency, but we already are able to have a glimpse of what Trump is going to do the following four years.
Some months ago, I wrote about my adventure of studying Spanish in Valencia. At this moment, I am back in the game. Back in the Netherlands and deep into the process of searching for jobs. The student life is really ending right now. A new adventure may start soon, hopefully! The question is: how do you find out what you want to do? One of the things to do is visiting InHouse days. So, that is what I did on Wednesday 18th of January. Early in the morning I took the train to The Hague. Off to the “Economen Bootcamp” of the Dutch government.
A group of Mexican investors have (jokingly) opted the idea that their government should buy Twitter. This may seem like a surreal trade, but the explanation makes sense. Since Donald Trump’s election as the 45th president of the United States in November of 2016, the Mexican government has spent a large portion of the national reserves on protective measurements for their national currency, the peso. The Mexican investors noticed a relation between the anti-Mexico tweets sent out by Donald Trump and the real-time value of the currency. The exchange rates took large drops for every tweet. The Mexicans said that the government would be better off buying Twitter, so they could stop Trump from tweeting, to eventually save the peso. This transaction would in the end be cheaper than all the protective measurements.
“Let’s assume” these are the words that are often at the beginning of every economic argument. At University we learn to think about ‘what happens if’, but only using a certain starting situation. Reality is different. In reality policy advices are never (no, not almost – I really mean never) directly translated into laws and regulation.
In democracies such as the one you find in the Netherlands, these suggestions are first thoroughly inspected by the parliament, and in the Netherlands the interesting stuff tends to happen in the Second Chamber of that parliament. For the past 4 months I have had the pleasure of working as an parliament intern (as I will for the coming months during amongst other the elections).
This has lent me a different perspective as compared to when I was studying Economics as Tilburg University. And when I say difficult I would with some hesitation argue that my perspective is now more complete, which is why I’m honoured to be able to share this on Off the Charts.
In the United States a silly idea emerged which is called YesCalifornia. Inspired by the Brexit, they are a group who are actively promoting a Calexit. They are asking for the support of citizens on a referendum which would be held in March 2019 and could enable California to become an independent country. Since the presidential elections in November, this idea has grown quite a lot in popularity. What started out as a silly and sarcastic idea is now growing into a serious suggestion.