Bitcoin’s returns over the last decade have dominated every other asset we can compare it with, but that still doesn’t tell us what we need to know about the future viability of this extraordinary development in human monetary affairs.
There are a lot of good economic lessons to be learned from popular culture. Perhaps that’s not surprising, as the subject matter of economics is ingrained in our very humanity […]
Carbon taxes do alleviate some negative externalities that we might want to counter — but they come with a nasty drawback (and getting them in place requires an inefficient and opaque political process) that no caring person would want to impose on the poorest of us, namely that basic necessities become more expensive.
Carbon emissions are not, contrary to what many economists and non-economists seem to believe, approaching the idea of a pure externality; their costs are only partially external to the main transaction.
When I give my sister a nonfiction book for Christmas, neither of us presumes that she’ll use it in payments for food, rent, clothes, travel, or something else that she desires. Indeed, […]
We meet colorful characters, financial success, and business matches made in heaven — but also ceaseless struggling, heartbreaking losses, friendships, marriages, and partnerships with flourishing beginnings and abrupt endings.
When I got my first summer job, my coworkers and I were paid the same hourly wage. Doing sales and booking in three languages for a shipping company, we spent […]
The best way to protect vulnerable countries and communities from some of the inevitable impacts of climate change is to up their defenses – i.e., make them rich as quickly as possible.
The two ugliest entries in America’s anti-capitalist vocabulary might be “ruthless capitalism” and “speculation.” Ruthless — or any other distasteful adjective of your choosing — capitalism is a mythical kind […]
Having lived abroad for most of the last seven years, I am painfully aware of the challenges that emerge from having incomes, assets, and costs in different currencies. Sometimes that […]