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Keynesianism and neo-Keynesian thought seem to be popular despite the fact it has never worked and is based on fallacies such as the savings myth (assuming that savings is bad and lowers...

Bitcoin is money that is designed for Main St. It was not designed to be the Wall-St casino some want, and it certainly was never designed to be the dark alley between them. Bitcoin is...

There are people who try and tell you that Bitcoin is not about incentives or economics. The structure of Bitcoin is one that allows competition to determine a stable monetary system. Miners...

A minimum-wage scheme is a tariff and price fixing method against people’s labour and ability to sell themselves freely. The major fallacy in this discussion is one that has occurred not just now,...

George Akerlof did us a great disservice with his unscientific rhetoric. A market for lemons and other market failures seem plausible, but how about testing the hypothesis? Testing using empirical...

There is a lot of misunderstanding on how money works. Many in the Bitcoin space think that scarcity of Bitcoin alone determines the scarcity and price of Bitcoin. This is utterly misguided and...

Let us investigate a centralised push to “export agriculture and industrial products, reverting to tangible goods production”, as is suggested from time to time. Most of the growth in the last 25...

We see many sites moving more and more to application-level encryption such that they can protect the transport of sensitive data.   IPv6 is THE killer application for SSL. Not that SSL needs...

Central governments are and remain a net supplier of macroeconomic instability. This is a direct result of the institutions and policy tools created to conform to a Keynesian vision. These are now...

IPv6 incorporates the new concept of privacy extended addresses. These are referred to as CGA (cryptographically generated addresses), and have the goal of maintaining privacy whilst still...