Wednesday 11th July

The negative fear bubble
Irrational fears are prompting a run on safe assets which in themselves are leading to irrational voluntary destruction of principal via self-imposed negative rates. {http://ftalphaville.ft.com/blog/2012/07/10/1078071/the-negative-fear-bubble/}

The last thing the world needs now is a deflationary shock from China
China is on the cusp of a deflationary vortex.
{http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100018475/china-heads-for-a-deflationary-shock/}

A Brief History of Money
Or, how we learned to stop worrying and embrace the abstraction
{http://spectrum.ieee.org/at-work/innovation/a-brief-history-of-money/0}

Hayek von Pinochet
It’s no secret that Friedrich von Hayek was a warm supporter of Augusto
Pinochet’s bloody regime.
{http://coreyrobin.com/2012/07/08/hayek-von-pinochet/}

The search for photos of China's past
China's photographic record begins only in the 1970s because nearly all earlier pictures were destroyed. The ones that survived are mostly outside China, and a major effort is now under way to bring them together online, says Mary Ward-Lowery.
{http://www.bbc.co.uk/news/magazine-18784990}