Editor’s note; The following analysis by Daniel Indiviglio from The Atlantic regarding a NYT article is foreboding of an unknown future. Half insightful synthesis and half tongue-in-cheek, this article suggests that virtual currency may impact the current monetary system. The conclusion is brilliant suggesting that the national debt could be paid in virtual currency. It seems quaint now, but what would happen if the dollar fails? During the Mexican Crisis, citizens emptied WalMart because today’s peso would be buy fewer Levies tomorrow – and it happened very fast. Get this and get it well: currency is a social agreement. People will trade what ever people agree to trade.
censorship
There are lots of questions about what constitutes news. Powerful editors decide what people read and what they don’t. Journalists decide what is worthy of investigation and what is not. Advertisers, special interests, lawyers and lobbyists defend the boundaries of inquiry against themselves or their industry. All this plays out in a delicate dance of “crowd sourced censorship” Whatever survives this gauntlet of execution becomes THE NEWS.
So, I took a snapshot of today’s news and ran it through the “History Test”:
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