Category: course-UNrelated

Bitcoins, Taxation and Hedges

I am referring to the two major bitcoin-related developments that happened this week of course. First, the first ever bitcoin swap agreement took place. It would work like this: An institution would ensure that a company accepting bitcoin for payment gets…

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Deflating

Narayana Kocherlakota, the Minneapolis Fed President, gave a speech on August 17th in which he said: But over the long run, money is, as we economists like to say, neutral…. [I]f the FOMC maintains the fed funds rate at its…

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Harassment is an Art, Not a Science

The TSA continues to find new and innovative ways of harassing airline passengers: TSA screeners trained to pick out suspicious or anomalous behaviour in passengers. There are about 3,000 of these officers working at some 161 airports across the United…

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An Interesting Debate

I found this on Capital Gains and Games, but really, it is a debate (mostly) between Paul Krugman and Raghuram Rajan. Here is a brief synopsis: Of all the canards that have been offered about the financial crisis, few are…

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Back To The Futures

In March, we read that Cantor Fitzgerald was about to monetize the moviegoing industry by taking what the website HSX.com had done with play money, and bringing it to the real world. For those of you who have not heard of…

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Clear-Mindedness About Goldman

I agree with Fareed Zakaria. The Goldman scandal is nothing more than an emotionally clouded, knee-jerk reaction. In other words, more motivated by politics than by a long-term, well-thought-out plan to reform finance. But, then again, what else is new?…

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Bay Bridge Opening? (Updated twice)

Like we haven’t heard that before. But yet, the Bay Bridge Blog reports: 511.org: “The bridge is expected to open sometime this morning.” SF Chron: “Things have gone very well overnight,” Caltrans spokesman Bart Ney told reporters at a briefing…

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Choose the Side You Start With

A study finds that coin-tossing is actually not so random: We analyze the natural process of flipping a coin which is caught in the hand. We prove that vigorously-flipped coins are biased to come up the same way they started.…

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We’re Number Two! We’re Number Two!

The World Economic Forum (WEF) released its annual rankings of global economic competitiveness last month, and it turns out that the USA is no longer the most competitive global economy. The World Economic Forum today released its annual rankings of…

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