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The Bitcoin Bubble Post Mortem

December 9, 2017 - 02:24 -- Admin

When asked about the current Bitcoin price increase, pretty much all economists agreed it is a bubble. This is not to say that we wouldn’t have minded being given some bitcoin back in 2011 and have forgotten about it until now. But the massive volatility along with the exponential price movements over the past day, week, month, year or what have you, is something we have seen all too often before. Every decade or so, there is a bubble in something. For 2017, it is bitcoin.

The Bitcoin Bubble Post Mortum

December 9, 2017 - 02:24 -- Admin

When asked about the current Bitcoin price increase, pretty much all economists agreed it is a bubble. This is not to say that we wouldn’t have minded being given some bitcoin back in 2011 and have forgotten about it until now. But the massive volatility along with the exponential price movements over the past day, week, month, year or what have you, is something we have seen all too often before. Every decade or so, there is a bubble in something. For 2017, it is bitcoin.

Insider Privileges

November 24, 2017 - 06:27 -- Admin

Prairie Home Companion begins with a mischievous maxim that all children in Lake Wobegon are above average. The equivalent adage in Silicon Valley goes like this: Every insider acts like an outsider.

The Pokemon GO Death Count

November 21, 2017 - 00:19 -- Admin

Have you ever wondered what economists do fun in Indiana? You might think that they could benefit from the global supply of digital goods like everyone else without having to worry about local effects. But you would be wrong. They are always thinking local.

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