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“Bitcoin, or cryptocurrency more generally, allows us to look at issues related to exchange, money, payments, and finance through a new lens.” ~ Joshua R. Hendrickson
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“As usual, history could guide us, if only we would allow it. Before the rise of the nanny state, free markets naturally drew resources, including human resources, to their most highly valued use.” ~ Robert E. Wright
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“Today, the Federal Reserve and federal government serve as America’s Rhode Island, the money pump that keeps the money supply rising faster than money demand.” ~ Robert E. Wright
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“Once governments finally let people make their own decisions, innovation and economic growth were viewed to be in the interest of everyone. In the process, rhetoric of all degrees began to shift in favor of a liberal world.” ~ Michael N. Peterson
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“It makes more sense to think that Smith, in propounding a presumption of liberty, assured readers and lawmakers that liberalizations would not lead to an exodus of capital or widespread disruptions of economic life.” ~ Daniel B. Klein
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“The Jones Act has produced something much more like extinction than preservation of critical capacities, making American ocean shipping capacity a seeming candidate for the Endangered Species Act.” ~ Gary M. Galles
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“At best, the critics of tipping are guilty of inexcusable sloppiness. At worst, they’re selectively weaponizing the horrors of slavery to advance an ideological cause.” ~ Phillip W. Magness
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“This development is significant because prominent policymakers rely on Piketty and Saez’s research to justify tax increases. These revisions must be taken into account by policymakers seeking to reduce inequality via tax policy.” ~ Amelia Janaskie & David Waugh
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“NQA banknote systems have existed in the past. It follows that private NQA paper currency is perfectly possible. It might still be true, of course, that private NQA digital currency isn’t possible. But if I were you, I wouldn’t take Gary Gorton’s word for it.” ~ George Selgin
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“The Bernanke Fed was practicing QE much earlier than is widely thought. This early QE experiment, likely intended to stabilize short-term inflation expectations, transformed monetary policy prior to the crisis.” ~ James L. Caton
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“The impact of the Shogunate was one of stability and unification over the course of the 1600s. The Shogunate established peace and stability after a period of destructive civil war, which in turn allowed commerce and domestic industry to flourish.” ~ Robert F. Mulligan
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“America’s dirty Growth Diamond portends stagnation. Policymakers would do Americans the most service by actually cleaning up the diamond, especially home plate, rather than pretending to do so or claiming that it is already as clean as it gets.” ~ Robert E. Wright
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