Bitcoin for Beginners, Part II
In March, I was at a conference in New Hampshire when a few Bitcoin businessmen sat me down to lunch. It seems like the …
Bitcoin for Beginners
Understanding Bitcoin requires that we understand the limits of our ability to imagine the future that the market can create for us. That is …
Bitcoin’s Moment
Bitcoin may reach $100 today. That brings the total value of the existing Bitcoin stock (10,960,500) to more than $1 billion. It was only …
A Meeting at 30,000 Feet
I’m looking out the airplane window, marveling that the clouds are below me. My computer is out and I’m surfing online. As usual, I …
Amazing Gizmos but Depleted Capital
Americans today live like there’s no tomorrow. You can see this in the data regarding retirement. People behave like they will never retire, and …
None Dare Call It Theft
The euro elites don’t call it theft or robbery or even a tax, much less an outright default by the banks of Cyprus. They …
Gun Control: It Backfires
If I were an extremely cynical gun manufacturer, I would save some extra profits to give to Democratic candidates for president. Such presidents come …
Entrepreneurs Are the Good Guys
Why is business so often scapegoated for all the problems of society? The term scapegoat comes from the Bible and refers to the goat …
“Can I Get a Candy Bar?” — Sen. Rand Paul
Twitter began by calling it “libertarian porn” — the longest and most sustained attack on leviathan from the Senate floor in modern history. But …
When Is It Okay to Steal a Cow?
It’s bitter cold outside and the winter storm has lasted for days. The snow is two feet high and getting worse. It’s 1872 and …