Power & Market
Bitcoin Hodling and Gresham’s Law
In 2013, a bitcoiner posted “I AM HODLING” on a bitcoin forum, intending to write that he was holding during a large price drop.
The Fed’s “Special Topics”
This week, Federal Reserve Chair Jerome Powell gave two days worth of testimony before Congress.
As Inflation Rises, the Fed Is Losing the Narrative
Another week, another economic report far worse than expectations.
How “Cultural Distance” Acts as a Barrier to Trade
Studies suggest cultural dissimilarity has a statistically positive and negative influence on the volume of trade flows. That is, people tend to trade with others who are similar to them.
Count Our Blessings, Not Miseries
It is a natural human tendency to focus on our problems, but such a focus has a cost—exaggerating the size of the problems we face relative to the
Economic Calculation under the Fed
When the Federal Reserve or government intervenes in our lives and the free market, it’s normally referred to as “central planning” or “economic pl
It’s Saigon in Afghanistan
That’s US foreign policy in a nutshell: taking money from middle-class Americans and transferring it to the elites of the US military and foreign policy establishment. It’s welfare for the rich.
More Details on Fedcoin
The public should expect that one day, given the inevitable progress of technology and general fear of missing out, one day there will be a Fedcoin.
An Italian Translation of “A Brief History of Secession Referenda in Europe”
My thanks to Carlo Lottieri for publishing an Italian translation of "A Brief History of Secession Referenda in Europe" in the publication L'indro.
