Higher Rock Education - Economics Blog

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

Economic Analysis of the Solar Eclipse

Tuesday, August 22, 2017

For the first time in 99 years, a solar eclipse was visible from coast to coast across the United States. Click to read our analysis of the Economic Impact of the Eclipse. More

Is Your Electrician Old?

Wednesday, May 24, 2017

The lack of skilled trades is deterring growth in the construction industry, which helps explain why electricians are getting older. Click to read more! More

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