More than 100 altcoins have valuations exceeding $100 million. These coins are pretty much useless, if bitcoin proponents who deny a crypto bubble are right.
When even my father — a retired sheep-and-cattle farmer in New Zealand — is asking about bitcoin, the cryptocurrency is no longer on the fringes. That doesn’t mean, however, that there is anything like widespread understanding or adoption for peer-to-peer transactions.
Population density is a non-issue, at least for the foreseeable future. The fact is that there are many uninhabited or sparsely inhabited locations that have room, but people prefer to live in dense urban centers.
How dare people decline to have their purchasing power robbed via inflation and their economy manipulated via negative real interest rates.
Charles Knight is a good-rebel capitalist who does not steal or break his contracts, the central character of ‘Speculator’ and now ‘Drug Lord,’ and his story is both inspiring and ridiculously entertaining.
Higgs’s latest book, Taking a Stand: Reflections on Life, Liberty, and the Economy, is a greatest hits of his work over the past decade or so, published by the Independent Institute of Oakland, California. Naturally I couldn’t help myself when I saw it as a new arrival at the Ludwig von Mises Library at Francisco…
That understanding makes laughable any call for professional monopolies to police themselves, and it behooves editorial boards like that of the Times Union to show a bit more intellectual courage, call out the elephant in the room, and advocate for competitive forces.
This policy study explains what I have now come to expect: ballooning and outlandish costs, impenetrable and overlapping complexity, double-dip cronyism, market distortions to give you a headache, no transparency, and, perhaps worst of all, an embedded special-interest group with an entitlement mentality, accompanied by a few spineless politicos.
When Cubans flee their homeland, they say adiós to an island of lies. One such exile, with meticulous attention to academic rigor, has devoted his life to raising awareness regarding the plight of his fellow countrymen under the totalitarian communist regime.
The official US national debt has surpassed $20 trillion, not that any of us can imagine such an enormous sum of money, nor does that number include the greater level of unfunded liabilities.