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When is a cryptocurrency not a currency?

It seems like every time someone tries to make an economic argument, they end up with the same basic fallacy: that cryptocurrencies are not money.While the argument has been around for years, it’s only recently that it’s become clear that cryptocurrency is a useful, albeit controversial, form of exchange.That said, it is not a bad

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How to use a data point to understand China’s economic performance

The world’s second-largest economy is slowing as a result of slowing domestic demand and rising international trade.It has already been the subject of two US sanctions in a year.Now it has been told it must reduce the number of people employed in manufacturing.The Chinese central bank says the move will cut growth by about 0.5%

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Spanish economy is ‘recovering’ but jobs are still not coming in

ESSAJES — The Spanish economy “recovers” from the financial crisis of 2008-09, but unemployment is still “unacceptably high,” according to a new study released by the Institute for Economics and Peace.The study, which analyzed data from Spanish government, economic and other institutions, found that unemployment in Spain has decreased in recent years, but that the