Higher Rock Education - Economics Blog

Repair or Replace - Which Makes the Most Sense?

Wednesday, March 21, 2018

Have we grown lazier, or does it make economic sense to replace rather than repair? Click to read more! More

What's In a Bitcoin?

Wednesday, February 07, 2018

Bitcoin is a cryptocurrency that can be used to buy and sell goods and services anonymously, without the involvement of a bank or government. Transactions are tracked by a network of independent computers using blockchain technology. Recently, bitcoin has received much press, not because of its use as a currency, but because its value appreciated over 20,000% in 2017. What is the underlying reason for the appreciation of bitcoin? More

Is Bitcoin Money?

Tuesday, February 06, 2018

Investors of bitcoin are not the faint of heart. Their wild ride took them from a low of $739.55 to a high of $19,870.62 in 2017. (Yahoo Finance) During the ride the value experienced swings greater than 5% in a single day on 240 occasions. (That is the equivalent of the Dow Jones Industrial Average moving approximately 1,000 points in a day.) What caused the huge changes in value? Supply and demand, of course! The demand for bitcoin has been a tug of war between speculators and investors who be More

16 Items that Have Been Replaced by Your iPhone

Thursday, September 28, 2017

Earlier this month, Apple released its iPhone 8 and iPhone 8 Plus. Smartphones in general are not cheap, but the iPhone 8 retails for $699 and the iPhone 8 Plus comes in at $799. I have heard many of my friends debating over whether or not it’s worth such a high price tag. While those prices seem extremely steep at first glance, I began thinking about all of the items that our smartphones have replaced. As all of these things are added up, it makes the price surprisingly more reasonable. More

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