Monthly Archives: December 2017

Movie review: The Post

It is going to be one of my ten favorite movies of all time. I cried several times anticipating the outcome of tense scenes. The key is to let the movie transport you back to 1971. At that time I … Continue reading

Posted in Libertarian Thought | 9 Comments

2018 as a year of resistance

Tyler Cowen predicts some themes for 2018. Many of the biggest events of 2018 will be bound together by a common theme, namely the collision of the virtual internet with the real “flesh and blood” world. This integration is likely … Continue reading

Posted in books and book reviews, Internet, Tyler Cowen is my Favorite Blogger | 18 Comments

What I’m Reading

Matthew Walker, Why We Sleep. Too far off the topic of political economy to compete for a place on my list of best books of the year, but very strongly recommended. Walker is highly opinionated. One of his opinions is … Continue reading

Posted in books and book reviews, Economics of Education | 12 Comments

Blockchain as a solution for data integrity

From Nathan Heller’s long piece in the New Yorker about Estonia. In a blockchain system, too, every line is contingent on what came before it. Any breach of the weave leaves a trace, and trying to cover your tracks leaves … Continue reading

Posted in business economics, Jason Collins is Indispensable | 3 Comments

Blockchain as a solution in search of a problem

Kai Stinchcombe makes the case. Each purported use case — from payments to legal documents, from escrow to voting systems—amounts to a set of contortions to add a distributed, encrypted, anonymous ledger where none was needed. What if there isn’t actually any … Continue reading

Posted in business economics | 20 Comments

Social validation media

Orge Castellano writes, The only purpose of these apps — thriving in the attention economy market — is to trigger our brains into the instant gratification lifestyle, ultimately exploiting our mind’s weaknesses. Whether in the form of a like (Facebook), a binary like/dislike format … Continue reading

Posted in behavioral economics, business economics, Internet | 4 Comments

Karl Denninger on Bitcoin

He writes, All existing cryptocurrencies are designed around a math problem that gets exponentially harder to solve as time goes on. However, the number of “coins” you achieve for solving it is fixed irrespective of where on the curve you … Continue reading

Posted in financial markets, Monetary Economics | 11 Comments

Rental inflation pressures falling?

Sarah Chaney (WSJ) reports, Rents are rising at the slowest pace in more than a year… A measure of what Americans are paying for rent was up 3.7% in October and again in November from a year earlier. Rent inflation … Continue reading

Posted in Uncategorized | 4 Comments

Centralized cost containment fails in health care

Joseph R. Antos and James C. Capretta write, Accountable Care Organizations were supposed to give hospitals and doctors incentives to become more efficient and cut Medicare costs, but they have yet to produce any overall savings. In 2016 only 56% … Continue reading

Posted in Economics of Health Care | 9 Comments

Should algorithms receive patents?

David Edwards wrote, the distinction between discovery and invention should be eliminated. This would allow the patent incentive to motivate exploration for previously unknown useful forms of bacteria, plants, animals, materials, molecules, atoms, particles, etc. Previously unknown mathematical formulas and … Continue reading

Posted in Information Goods | 8 Comments