Phishing for Phools: The Economics of Manipulation and Deception

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Ever since Adam Smith, the central teaching of economics has been that free markets provide us with material well-being, as if by an invisible hand. In Phishing for Phools, Nobel Prize–winning economists George Akerlof and Robert Shiller deliver a fundamental challenge to this insight, arguing that markets harm as well as help us. As long as there is profit to be made, sellers will systematically exploit our psychological weaknesses and our ignorance through manipulation and deception. Rather than being essentially benign and always creating the greater good, markets are inherently filled with tricks and traps and will "phish" us as "phools."

Phishing for Phools therefore strikes a radically new direction in economics, based on the intuitive idea that markets both give and take away. Akerlof and Shiller bring this idea to life through dozens of stories that show how phishing affects everyone, in almost every walk of life. We spend our money up to the limit, and then worry about how to pay the next month’s bills. The financial system soars, then crashes. We are attracted, more than we know, by advertising. Our political system is distorted by money. We pay too much for gym memberships, cars, houses, and credit cards. Drug companies ingeniously market pharmaceuticals that do us little good, and sometimes are downright dangerous.
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Bitcoin: The Impacts of Bitcoin, Special Guide and Tips for Beginners and Advances that Do Transactions and Invest in Bitcoin

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Bitcoin is taking over the world in more ways than one. What started out as a basic currency for trading online throughout the world without interference from a bank or the government has quickly grown to become one of the most widely used cryptocurrencies in the world. The technology behind this currency can even change the way we handle insurance, banking, and finances. This guidebook is going to take some time to talk about Bitcoin and how to use it for yourself. Some of the things that we will discuss in this guidebook include: – What is Bitcoin – How blockchain helps to run Bitcoin – How Bitcoin is different compared to traditional currencies – What is mining in Bitcoin – Whether Bitcoin is considered secure. – How Bitcoin is already changing our economy. – The benefits of using Bitcoin – And how to invest and earn money with Bitcoin When you are ready to get started with Bitcoin, either to use for your purchases or to invest, make sure to check out this guidebook to help you get started!