It's easy to move money--it's easy to do a Remit if you are a Mexican in bitcoin United States and bitcoin want to send money econtalk to your family econtalk Mexico, that corridor is very well developed. Clean Bitcoin on Slavery and Racism. Children are fainting from hunger in their classrooms. Clean Richard Jones on Transhumanism. Posted April 5, 7: So how do you by econtalk Coke?
Banks might still exist as lending institutions, but only in the following way. Some of that underground activity now happens on a Facebook group called " Bitcoin Venezuela ," which was started in May by Randy Brito, a thenyear-old libertarian living in Spain. Looks like we are not going to, because that's the consensus. Clean Jennifer Pahlka on Code for America. The country's been taken over by violence. Um, and some of the most exciting applications are in a place like Latin America.
Clean Econtalk Guarnaschelli on Food. On a warm and clear evening last August, Alberto's mining econtalk Luis was driving home bitcoin dropping off a friend in the neighborhood of El Marques. I mean, this is a country that really has been besieged by crime. Even the bitcoin accepts checks when taxes are paid. I'm sure there's a lot I don't understand! Martin Weitzman talks with host Econtalk Roberts about the risks of bitcoin change.
If you have ideas for the remaining BTC, see here for more info. People buying like drugs, or worse. And then there is very little legitimate transaction.
That's the worst part, is that if you look at most of these estimated transaction volume things, which are notoriously hard to do, it at least does not appear to be undergoing runaway growth, as everyone has been predicting. And so I think the big challenge with BitCoin as a currency is, it still has not found what it's better at than other payment systems.
And that's really important. Personally, I think the most promising green shoots are around international remittance. Sending money to my family in Mexico or whatever. And that seems to maybe be picking up real steam.
But it's so early in the day the data's so noisy, it's hard to know for sure. So basically what I think about BitCoin is it's unbelievably interesting technology; it's one of these things that's lodged in my brain and won't go away; but I have been continually disappointed about the speed with which it has found real usage.
Well, that or just sneak in a libertarian moment quietly in a back alley while hiding from said communist moment that's still very much ongoing. Is it really a libertarian moment if the bit coins are mined using government paid for electricity? I honestly think Reason may be misreading the tea leaves a bit. Out of curiosity, do we have any indication who's exchanging these bitcoins?
I mean, if I were a corrupt fascist regime looking to make a quick buck to enrich my or my crony's coffers, buying a bunch of bitcoins and cracking down on the local exchange would seem to be a phenomenal ideal.
I first learned about bitcoin when listening to EconTalk interview he did with Gavin Andresen, a pioneer in the field.
Six years later, in part through my reporting on Venezuela, I'm convinced bitcoin will change the world. They were right, but they thought that it would replace government currency and that's absurd, of course. Maybe he will be remembered as the guy who sparked the widespread use of Bitcoin, and all his BS will be forgotten. In he may be celebrated as a hero. As long as there is coercion in Venezuela, the bolivar ain't going nowhere.
The shotgun still sings the song, right? You still have to pay your taxes in bolies. Mark Warshawsky talks with host Russ Roberts about the role health care benefits play in measuring inequality. He shows that because health care benefits are a larger share of compensation for lower-paid than higher-paid workers, measures of inequality. Clean Chris Blattman on Sweatshops. If you were a poor person in a poor country, would you prefer steady work in a factory or to be your own boss, buying and selling in the local market?
Chris Blattman talks with host Russ Roberts about experimental evidence on how poor people choose in t. Anderson discusses economic life before the arrival of Europeans and how current policy affects Native Americans living on reservations today. There is a positive correlation between the reputation of an American president and the number of people dying in wars while that president is in office.
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Economists at the time were eager to champion the st. Clean Doug Lemov on Reading. He makes the case for the educational importance of critical reading of challenging books and texts. Along the way, he gives listeners some ideas of how to read themselves and gives parents.
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The conversation closes with a. Clean Casey Mulligan on Cuba. Casey Mulligan talks with host Russ Roberts about life in Cuba. Mulligan, who recently returned from a trip to Cuba, discusses the economy, the standard of living and some of the peculiarities of communist control. Chris Arnade talks with host Russ Roberts about what he learned from the front lines of the financial industry in the s and s when everything began to fall apart.
He also discusses his transition into observer and photographer of drug addicts, t. Nobelist Angus Deaton talks with host Russ Roberts about the economics of trade and aid. He wonders if economists should re-think the widely-held view that redistribution from rich nations to poor nations makes the world a better place. She argues that commercial applications of big data often harm individuals in unknown ways, and that the poor are particularly vulnerable to exploitation.
How are those in favor of bigger government and those who want smaller government like a couple stuck in a bad marriage? Economist John Cochrane talks with host Russ Roberts about how to take a different approach. Cochrane wants to get away from stale b. What does an x-ray of Hitler's skull have in common with a jar of Ronald Reagan's jelly beans? They are both part of the Hoover Institution archives. Eric Wakin talks with host Russ Roberts about what it's like to be an archivist and the importance of a.
Susan Athey talks with host Russ Roberts about how machine learning can be used along with traditional econometrics to measure the impact of the minimum wage or new drug effectiveness. The last part of the conversation looks at the experimental techniqu. Moe wants to give the U. President the power to propose legislation that Congress would have to approve or reject free of amendments. Moe argues this w. He argues that certain seemingly inexplicable features of the law are the result of conflicts between multiple objectives that the law or the courts must trade off against.
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The conversation concludes with the rise in mortality among middle-age white males--a surprising reversal of trend--that has b. He argues that both major political parties suffer from a misplaced nostalgia--a yearning for a time when things were better even though the policies th.
How should we feel about cruise lines that offer special amenities for top-paying travelers or first-class sections of airplanes? Richard Epstein talks with host Russ Roberts about these issues arguing that these kinds of unequal treatment provide benef. Clean Kevin Kelly on the Inevitable. Futurist, author, and visionary Kevin Kelly talks with host Russ Roberts about his latest book, The Inevitable, Kelly's look at what the future might be like and the role of the human experience in a world increasingly filled with information, artificia.
Abby Smith Rumsey talks with EconTalk host Russ Roberts about the Library of Congress decision to acquire the Twitter archive and the challenge of coping with a digital world. Topics discussed include what we can learn from the past, the power of c. He discusses rationality and the investor's challenge of self-restraint, the repetitive nature of financial journalism,.
Was the Financial Crisis of caused by a crisis in the housing market? Did the Federal Reserve turn a garden-variety recession into the Great Recession? David Beckworth talks with host Russ Roberts about the Fed's response to the recession that bega. Clean James Bessen on Learning by Doing. James Bessen talks with host Russ Roberts about the role of learning on the job.
He argues that during times of technological innovation, it often takes years before workers see higher wages from productivity increases. Bessen stresses the importance of. Clean Leif Wenar on Blood Oil. Does morality trump the usual case for free trade? Leif Wenar talks with host Russ Roberts about the morality of buying resources from countries that use the resulting revenue to oppress their citizens.
Based on the ideas in his book, Blood Oil, Wenar a. Pedro Domingos talks with host Russ Roberts about the present and future of machine learning. Domingos stresses the iterative and ever-improving nature of machine learning. He is fundamentally an optimist about the potential of machine learning with eve.
Clean Arnold Kling on Specialization and Trade. He argues that macroeconomics ignores the challenges of buyers and sellers working together in the real world of specialization and trade. Alberto Alesina talks with host Russ Roberts about his research on fiscal policy and austerity. His research shows that spending cuts to reduce budget deficits are less harmful than tax increases.
He discusses the intuition behind this empirical finding. Clean Gary Belsky on the Origins of Sports. Gary Belsky talks with host Russ Roberts about the origins of sports--how various sports evolved and emerged into their current incarnations. Along the way he discusses the popularity of American football, the written and unwritten rules of sports, and. Clean Robert Frank on Success and Luck. Is your success in life your own doing? Frank argues that we underestimate the role that luck plays in our success and makes the case for a progressive consumption tax as.
Clean Richard Jones on Transhumanism. Will our brains ever be uploaded into a computer? Will we live forever? Richard Jones talks with host Russ Roberts about transhumanism--the effort to radically transform human existence via technology. He argues that the uploading of brains and the abil.
How bad is pink slime? Are free-range chickens happier? Lusk explores the wide-ranging application of technology to farming, cooking, protein production. Clean Marina Krakovsky on the Middleman Economy. Why would anyone want to hire a middleman, like a wedding planner, if you have time to take care of the planning yourself?
Marina Krakovsky talks with host Russ Roberts about middlemen in the modern economy. Despite predictions that the internet would d. David Autor talks with host Russ Roberts about the fundamentals of trade and the impact on workers and communities from trade with China. Autor's research finds large and persistent effects on manufacturing jobs and communities where those jobs once wer.
Davies argues that the free-market vision of economists like Milton Friedman and Friedrich Hayek has de-romanticized politics and ensconced competition at. Alison Wolf talks with host Russ Roberts about the changing roles of women in the family and the workplace.
Wolf argues that highly educated women are increasingly similar to highly educated men in their lifestyles and choices while becoming very differ. Clean Matt Ridley on the Evolution of Everything. Ridley applies the lens of emergent order to a wide variety of phenomena including culture, morality, religion, commerce, innovation, and consciousness. Why do so many medical practices that begin with promise and confidence turn out to be ineffective or even harmful? Adam Cifu explores this question with host Russ Roberts.
Cifu shows that medical reversal--the discovery that prescribed medical practice. Adam Ozimek talks with host Russ Roberts about why economists change their minds or don't. Ozimek argues that economists make erratic but steady progress using econometrics and other forms of evidence to understand the impact of public policies such as.
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Heckman gives his take on natural experiments, selection bias, randomized contr. How many pairs of sneakers do you own? Josh Luber talks with host Russ Roberts about the world of sneakerheads--people passionate for collecting and trading sneakers.
Each week people line up to buy classic sneaker models Nike re-releases. Clean Greg Ip on Foolproof. When does the pursuit of safety lead us into danger? Greg Ip talks with host Russ Roberts about the ideas in his book--the way we publicly and privately try to cope with risk and danger and how those choices can create unintended consequences. How can you learn to think like an economist? Robert Frank talks with host Russ Roberts about a number of dinner table puzzles including why grooms typically rent tuxedos but the bride usually buys her gown, why bicycles can be more expensive to rent th.
Noah Smith talks with host Russ Roberts about whether economics is a science in some sense of that word. How reliable are experiments in economics? What about the statistical analysis that underlies much of the empirical work in modern economics? Clean Philip Tetlock on Superforecasting. Can you predict the future?
Or at least gauge the probability of political or economic events in the near future?