Which Taxes to Cut First?
Milton Friedman once said he loves all tax cuts, “under any circumstances and for any excuse, for any reason, whenever it's possible.” Still, some tax cuts are better than others. Because they create jobs or…
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When it Makes Sense to Transact in Bitcoin
[caption id="attachment_11505" align="alignleft" width="461"] Michael Wuensch - pixabay.com[/caption] The value of cryptocurrencies like bitcoin, just like any other kind of money, comes fundamentally from what you can do with it. As a follow up to…
What Backs Bitcoin
As bitcoin goes mainstream, we’re seeing a rise in strong opinions about it. It’s the mac-vs-PC of the currency world. JP Morgan CEO Jamie Dimon, famous for scoring a 25 billion dollar taxpayer bailout, thinks…
More Robots, More Jobs
Many people fear robots will take all the jobs. This fear drives a number of policy proposals, from Universal Basic Income to taxing or regulating robots. Today I want to talk about what actually happens…
Universal Basic Income: A Pipe Dream?
One future-related proposal getting a lot of attention nowadays is the Universal Basic Income. The idea is to give everybody some money every month -- typically something like $1,000 a month. That is not enough…