Archive for November 7th, 2017

Iceland Pop Star Bjork to Accept Cryptocurrency Payments for New Album

November 7, 2017

Interesting bit of news. I also learnt of a new crytocurrency – audiocoin- for music industry:



A 154-year-old USD 5 banknote: It is believed to be the oldest US banknote still in existence

November 7, 2017

Interesting bit of news for currency historians:

A 154-year-old banknote with local roots is expected to be auctioned off for thousands of dollars next week..The $5 bill, which was processed in Richmond on Nov. 2, 1863 by First National Bank of Richmond, is believed to be the oldest banknote still in existence that was minted for an Indiana bank. It bears the serial number 1.

The currency is being auctioned through Stacks Bowers, a Santa Ana, Calif.-based auctioneer group specializing in historical currencies and has already received an online bid of $9,000. That figure could nearly triple by the time it’s sold at auction, Manning Garrett, director of paper money currency for the group, said.

Garrett said he expects the bill to bring anywhere from $15,000 to $25,000 or higher at auction Nov. 9, which will be held in Baltimore.

“It’s pretty exciting,” he said. “We see new discoveries occasionally from the 1920s or 1930s, but finds like this — from the height of the Civil War — you just don’t see stuff like that very often.”

 Jim Harlan, executive director of the Wayne County Historical Museum, is familiar with these bills with the Richmond origination and knows some Richmond residents who are collectors who would likely have an interest.

“They were definitely in circulation,” he said. “There’s some people in town that do collect those large size notes.”

Exciting indeed!

Economists should keep asking big questions and economics columnists should relate and explain the discussion..

November 7, 2017

Gene Epstein has a piece of advice for both economists and economics columnists (and both):


100 years of Russian Revolution: Why official disinterest by Russian Government?

November 7, 2017

The Russian Revolution has been discussed much in world history. Given it happened exactly 100 years ago in Nov-2017, it is expected that there will be several pieces discussing/celebrating/dissing the event.

Amidst all this, Prof Cynthia Hooper of College of the Holy Cross in a fascinating piece asks why official disinterest by Russian Government?


A recipe for a successful nation: Keep far away from strong men and dictators if you want a happy life..

November 7, 2017

Prof. Piers Steel of University of Calgary sums up his research done along with several co-authors.


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