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Friday, April 19, 2013

Monetary

News                                                                                                                             
CNN Money | Bitcoin bubble re-inflates
BItcoin prices are back in rally mode, just one week after it looked like the bubble had started to burst.

Econ Comments & Analysis                                                                                            
Forbes | Gold Isn't Money, But It Should Be Used To Define The Value Of The Dollar
Last week, Unconventional Logic touched off a flurry of controversy by pointing out that Bitcoins are not money, and can never be money, in the sense of providing a viable alternative to the U.S. dollar for operating the American economy.  Well, gold isn’t money either.
Fortune | The IMF needs to overcome its bipolar personality
As officials gather this weekend in Washington for the semi-annual policy meetings, Mohamed A. El-Erian assesses the problems and solutions to the IMF's twin personality.
Telegraph | The IMF is flunking the financial crisis
Why did nobody see this coming, the Queen asked of the financial crisis some years ago. Today, her question would be only slightly different: if all you economists are so clever, why, more than five years into the crisis and with no end in sight, are you still debating solutions?