Jason, Darcy, and myself have a new working paper (a draft of a book chapter)—Blockchains and the Boundaries of Self-Organized Economies: Predictions for the Future of Banking—now up on SSRN here.
We often hear about how federalism or ‘Tiebout’ sorting can limit government over-taxation. Taking this one step further some argue that the threat of secession or ‘internal exit’ has the same effect. And many steps further is the emerging phenomenon of ‘cryptosecession.’
I was a guest on the latest episode of the CryptoGoss podcast, talking all things bitcoin and blockchain, with a focus on emergent nations and emergent firms.
Peter Boettke is pessimistically optimistic about the future, because the forces of exchange and innovation should outpace the force of stupidity. That is if economists remain vigilant advocates of free society and markets in our role as public intellectuals and educators.
Sean Leaver, a PhD colleague of ours at RMIT, has an interesting post on his personal blog—The MisBehaving Economist—about competing hypotheses of rising education costs. You should read the full post on his blog, but below is some copy-paste to sum up his point.
So the news this week is that Mike Baird’s NSW government has legalised ride sharing companies, like Uber. That’s good.
A couple of weeks ago on Catallaxy Files a contributor going by the nom de plume ‘I Am Sparticus’ made a couple of posts about the market for drugs (here and here). As an economist and interested observer of such markets this is something of a pet topic for me.