Big MacCoins vs. the US Dollar

McDonalds has announced that they will be releasing MacCoins in celebration of the 50th anniversary of the Big Mac. While crypto-related gimmicks have proven to be profitable, there is no blockchain involved, instead customers will receive a physical coin whenever they purchase a Big Mac. CNN Money reports that McDonalds has 6.2 million MacCoins ready for distribution.

How Liberal Adoption Laws Helped Romania’s Orphans

“The fetus is the property of the entire society. Anyone who avoids having children is a deserter who abandons the laws of national continuity.” This was the justification Romanian Communist leader Nicolae Ceauşescu offered for his 1966 “Decree 770.” Aimed at increasing the Romanian economy through population growth, Decree 770 criminalized abortion, which was the prevailing form of birth control at the time. Subsequent laws imposed a specific tax on childless adults (in 1977), and when condoms and birth control became available in the 1980s, they were prohibited as well.

The Problem with Idolizing “Efficiency”

Radical Markets: Uprooting Capitalism and Democracy for a Just Society
Eric A. Posner and E. Glen Weyl
Princeton University Press, 2018
xii + 337 pages

Radical Markets has at least one virtue. The book contains many unusual proposals, and I propose to concentrate on one of the strangest of these. Eric Posner, a legal scholar, and Glen Weyl, a principal researcher at Microsoft, call for speculative boldness, and they have given us that; but sound argument is another matter.