2019 National Western Is Last Chance to Visit Old Stockyards

Usnews | January 12, 2019

2019 National Western Is Last Chance to Visit Old Stockyards
The year was 1906, and there was no rodeo in sight. In the inaugural year of the National Western Stock Show, any display of roping and riding skill was still 25 years away. There was no food court hocking giant turkey legs, either.Back then all the action happened in the stockyards, where ranchers and buyers sized up beef cattle, bid on train car loads of the prized animals and struck deals. The first permanent structure built for the show, the now-historic Stadium Arena, didn't open until 1909.Nowadays, the stock show is a multifaceted entertainment experience. It offers rodeos, music and dancer performances, a trade show with room for 900 vendors and, of course, food courts hocking giant turkey legs. Showgoers can spend days at the National Western Center and never go near a pen full of Hereford cattle. National Western organizers are putting special emphasis on the stock show's core purpose in 2019, dubbing it the "Year of the Yards." Big changes — a billion dollars' worth — are coming over the next four-plus years, including the relocation of the stockyards from the site they have sat on for more than five decades to property to the north. When the show gets going Saturday, Keith Fessenden, a historian and archivist who works on the property, recommends that folks take the path that leads west under the railroad tracks to the yards and drink it all in."Be sure to go up on the walkway and look down and just get a feel for what it's like with the cattle and everything," Fessenden said. "It's where the show came from."The yards are being uprooted from their historic home to accommodate a new 526,000-square-foot equestrian center, one of eight buildings expected to rise on the National Western Center grounds by 2023.

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The present paper classifies bitcoins and other cryptocurrencies as money, reviews their possible economic impact and proposes a regulatory approach based on Germany’s nineteenth century private banks of issue. Cryptocurrencies represent important monetary innovations and have reinvigorated interest in and debate about notion and meaning of money. They aim to disrupt and challenge existing monetary and financial arrangements. Their market valuations though highly volatile may become substantial quickly. Their impact on the financial system therefore causes disquiet.

Spotlight

The present paper classifies bitcoins and other cryptocurrencies as money, reviews their possible economic impact and proposes a regulatory approach based on Germany’s nineteenth century private banks of issue. Cryptocurrencies represent important monetary innovations and have reinvigorated interest in and debate about notion and meaning of money. They aim to disrupt and challenge existing monetary and financial arrangements. Their market valuations though highly volatile may become substantial quickly. Their impact on the financial system therefore causes disquiet.

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