Category Archives: Policy

Milton Friedman Predicts the Rise of Bitcoin

I’ve seen this video making the rounds on Twitter and in the blogosphere recently: Of course, there’s been a lot of talk about Bitcoin in general. I’m no expert, and I’m not comfortable coming out one way or the other … Continue reading

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Will Ms. Yellen Be More of the Same?

Russ Roberts has a simple and straightforward word for those who are hot and bothered over President Obama’s nomination of Janet Yellen for Fed chair: relax. If history tells us anything it’s that political incentives just might move Yellen away … Continue reading

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From a prominent economist: Soon after it became famous, the proposed measure of uncertainty was shown to be almost comically flawed; for example, it relied in part on press mentions of “economic policy uncertainty,” which meant that the index automatically surged …

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I’ve been hesitant to jump wholeheartedly into the Bitcoin debate because, unlike a lot of commenters, I’m not sure I fully understand Bitcoin, its role as a medium of exchange (or not), and how this entire thing is going to …

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As promised, I have returned from an extended personal hiatus. I can’t make promises, but I hope that I’ll be returning to blogging more or less consistently from here on out. I wanted to highlight something I saw in passing …

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What do the state of Texas and the sovereign nations of Switzerland and Germany have in common? All of them are interest in repatriating gold reserves currently stored with the United States federal government. News of Germany’s repatriation efforts came …

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Is the Fed’s Exit Strategy Legitimate?

In his congressional testimony last week, Fed chairman Ben Bernanke suggested that the Fed might seek to exit its current strategy of quantitative easing by allowing bonds to mature rather than by selling them. As Hunter Lewis points out at … Continue reading

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Throwing Sand in the Wheels of the Market

According to a report from the New York Times, a financial transaction tax–which would impose a small tax (~o.o5%, maybe) on all trades on Wall Street–has been bandied about recently as a means of raising revenues and decreasing volatility in … Continue reading

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Peter C. Earle provides a fantastic analysis of poker’s surge in popularity over the 2000s, showing that it tracks closely with the boom-and-bust cycle of the same era. The 2003 to 2007 poker boom is deftly explained by application of …

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Krugman and the Zombies

If the first rule of good writing is “show, don’t tell,” then it seems that Paul Krugman is ready to teach a master’s class in the subject. Krugman’s latest column–entitled “Rubio and the Zombies”–is written as a response to Marco … Continue reading

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