The situation appears a bit brighter today, with news that the world’s central banks are coordinating to provide liquidity to Europe’s embattled banks. The fundamental question of whether the euro will survive remains, however. And so we’ve decided it’s high time for a Freakonomics quorum on the future of the euro. We asked a bunch of very smart economists the following questions:
But Bitcoin or something else, I’m confident we’ll see the emergence of currencies that are not controlled by nation states in my lifetime. Whether that is a good thing or not remains to be seen. I think it is, but there are significant ramifications that will result from the decoupling of currencies from governments. And one of them is an interesting investment opportunity that we hope to participate in.
Instead of the traditional “six degrees of separation” that researchers have historically observed between all people in the world (and Kevin Bacon), the number of degrees has been dropping since 2008 on the site, from 5.28 then to 4.74 now.