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The Politics of Bitcoin
David Golumbia has a new book titled The Politics of Bitcoin: Software as Right-Wing Extremism. It has received less than stellar reviews from Duke University’s Mike Munger and Bitcoin Magazine’s Giulio Prisco. So, perhaps I am just piling on. But pile on I must. Here’s the short version: Many see bitcoin as a clever piece […]
May 26, 2017
First Quarter Real GDP Revised Higher While Consumer Sentiment Holds at a High Level
Revisions to first quarter real GDP show the economy expanded at a 1.2 percent annual rate compared to the initial estimate of 0.7 percent. The major contributors to the upward revision were consumer spending, business investment, and government.
Cell Phone Plans and the CPI
How much is unlimited data on your iPhone worth to you? In calculating the Consumer Price Index, the average answer is “a lot” — enough to explain a perceived slowdown in inflation, in fact. As other outlets have reported recently, a change in cell service was a major contributor to slowing price inflation in the […]
Now Is Not the Right Time to Regulate Bitcoin
Regulators should take a wait-and-see approach in rather than crafting new rules for digital currencies now.
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