Daily Economy
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Krugman Said It: Bitcoin Is Evil
Nobody should celebrate a system of money and finance in which government controls the on-ramps and off-ramps based on political loyalties. That’s proven to be a very dangerous system. What we need is a censor-proof technology that can make prosperity possible for ever larger swaths of humanity. That’s not “evil”; it’s gloriously good.
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The Many Delusions of Socialism Revisited
Sombart’s leftism became rightism but it was made of the same substance always: a loathing of regular people in their free choices and a longing for history to follow his own imaginings of what should be rather than what is. Such is the core of socialist ideology: a delusion rooted in snobbery and, above all…
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Consumer Confidence Falls in December as Short-Term Expectations Drop
The Consumer Confidence Index fell to 122.1 in the latest reading, but remains at historically favorable levels, supported by a robust labor market, suggesting support for ongoing economic expansion in the short term.
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Tulip-Mania Mania Is a Bubble Bound to Burst
The bubble in comparing Bitcoin to the tulip bubble has gotten out of hand.
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Blockchains Could Save Millions in Data Security Costs
We place our trust in financial intermediaries because they have made costly investments over time to engender that trust. Processing payments on a blockchain essentially avoids these costs.
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The Year Ends in Tax Cuts and Deregulation
So far as I’m concerned, the genuine achievements under the Trump administration can be summed up in two words: tax cuts and deregulation.
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CryptoCurrency Markets Keep Know-It-Alls Humble
From the time Bitcoin was introduced, it faced ridicule, disgust, smears, and anger. Incredulity would naturally greet a technology that achieved something never before thought possible.
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Extractive Institutions Foretell the Failure of Nations
The disparity in wealth and overall political stability between developed and developing countries lies in their inclusive or extractive institutions, as made clear in ‘Why Nations Fail.’
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Bitcoin Isn’t an All-or-Nothing Proposition
There are many intermediate cases where Bitcoin has value for specific applications, without “replacing” the dollar, gold, or any other major underpinning of the global financial system.
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All I Want for Christmas Is Privatized Airports
Privatization of small airports and allowing low-cost foreign carriers to enter could mean lower prices and more availability during the holidays.
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•
Krugman Said It: Bitcoin Is Evil
Nobody should celebrate a system of money and finance in which government controls the on-ramps and off-ramps based on political loyalties. That’s proven to be a very dangerous system. What we need is a censor-proof technology that can make prosperity possible for ever larger swaths of humanity. That’s not “evil”; it’s gloriously good.
-
•
The Many Delusions of Socialism Revisited
Sombart’s leftism became rightism but it was made of the same substance always: a loathing of regular people in their free choices and a longing for history to follow his own imaginings of what should be rather than what is. Such is the core of socialist ideology: a delusion rooted in snobbery and, above all…
-
•
Consumer Confidence Falls in December as Short-Term Expectations Drop
The Consumer Confidence Index fell to 122.1 in the latest reading, but remains at historically favorable levels, supported by a robust labor market, suggesting support for ongoing economic expansion in the short term.
-
•
Tulip-Mania Mania Is a Bubble Bound to Burst
The bubble in comparing Bitcoin to the tulip bubble has gotten out of hand.
-
•
Blockchains Could Save Millions in Data Security Costs
We place our trust in financial intermediaries because they have made costly investments over time to engender that trust. Processing payments on a blockchain essentially avoids these costs.
-
•
The Year Ends in Tax Cuts and Deregulation
So far as I’m concerned, the genuine achievements under the Trump administration can be summed up in two words: tax cuts and deregulation.
-
•
CryptoCurrency Markets Keep Know-It-Alls Humble
From the time Bitcoin was introduced, it faced ridicule, disgust, smears, and anger. Incredulity would naturally greet a technology that achieved something never before thought possible.
-
•
Extractive Institutions Foretell the Failure of Nations
The disparity in wealth and overall political stability between developed and developing countries lies in their inclusive or extractive institutions, as made clear in ‘Why Nations Fail.’
-
•
Bitcoin Isn’t an All-or-Nothing Proposition
There are many intermediate cases where Bitcoin has value for specific applications, without “replacing” the dollar, gold, or any other major underpinning of the global financial system.
-
•
All I Want for Christmas Is Privatized Airports
Privatization of small airports and allowing low-cost foreign carriers to enter could mean lower prices and more availability during the holidays.