Everyday Life, Planned Consumption and Leisure in the Late Soviet Union
hosted by Alexander Bikbov, DAAD visiting professor at Lotman Institute RUB.
The seminar features leading historians of the late Soviet period to present in distance sessions their groundbreaking research and personal testimony of the phenomena of Soviet population management, production and consumption, urban life and collective sensibilities.
Everyday Life, Planned Consumption and Leisure in the Late Soviet Union
hosted by Alexander Bikbov, DAAD visiting professor at Lotman Institute RUB.
The seminar features leading historians of the late Soviet period to present in distance sessions their groundbreaking research and personal testimony of the phenomena of Soviet population management, production and consumption, urban life and collective sensibilities.
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
