Bitcoin

Archive for Bitcoin

Potpourri

==> Reisenwitz vs. Borowski, settling things the way libertarians always do: through voting. ==> Why your iPhone footage from Europe has a weird strobe light effect. ==> John Carney looks at a Fed paper that (implicitly) challenges Austrian business cycle theory. ==> NYT on Edward Snowden (from a couple of weeks ago, I just haven’t […]

MK Lords and Tatiana Moroz Talk Music, the Fed, and Bitcoin

Meghan and Tatiana were two of the stars of Porcfest 2013. In this interview they cover a range of topics. Tatiana explains that she used to be liberal until she learned economics from a certain Republican politician–and it wasn’t Newt Gingrich. Not that you asked, but this is my favorite of Tatiana’s original songs:

Yet More on Tyler Cowen on Bitcoin

Say what you will about him, Tyler is a sport and retweeted this guy, who has a “Tyler vs. Tyler” post up. The money excerpt: …Tyler is able to derive the following theorem: “the value of WitCoin should, in equilibrium, be equal to the marketing costs of its potential competitors.” To put this in simpler […]

Potpourri

==> I am going to be at the First Annual “Save Long Island” Forum in mid-January. If you buy your tickets in 2013, they are 50% off. I will be debating “Money Masters”‘ Bill Still Friday night, and there are lots of interesting speakers/performers. ==> Tucker talks teetotalling in a tux. ==> The NSA really […]

A Bit of Silliness

Something is really screwy with all of this cryptocurrency discussion. I feel as if a bunch of academics are “proving” that spaceflight is impossible. To take but one example, Tyler Cowen has a long post saying that Bitcoin will collapse in price, where his argument seems to rely on one (or both) of the following […]

If Bitcoin Is a Bubble, Is All Money Always In a Bubble?

I by no means am an expert on Bitcoin. The more I hear the experts talk about it, the more I realize I don’t know. (And as an aside, when I hear a proponent of Bitcoin say on NPR, “This isn’t even version 1.0 yet,” it doesn’t make me want to rush out and embrace […]

Krugman: “Fiat Money…Is Backed By Men With Guns”

Wow, you really have to hand it to Paul Krugman. In the quick snippet below, he talks to Joe Weisenthal about Bitcoin. Krugman reiterates his surprise that it has lasted this long, but admits that it’s theoretically possible for an asset not backed by anything to chug along because of a self-fulfilling prophecy. However, Krugman […]

Potpourri

==> Mario Rizzo stands up for economic freedom and tolerance. ==> A few people have told me to highlight this apparent Krugman Kontradiction on unemployment benefits and job search (scroll down a bit). I actually highlighted this when it initially occurred (perhaps because somebody brought it to my attention, I can’t remember). However, Krugman on […]