A Quick Look at the ECB

The European Central Bank is the bank of the Eurozone. The ECB is an interesting case study in the centralization of economy policy. Central banks in general are highly centralized structures of economic policy, but the ECB is an even stronger example of centralization because it is a single international policymaker which is substituted for … Read more A Quick Look at the ECB

Ordinal Modelling Applied to Connoisseurship

Suppose the smartest guy in the world and disagrees with everyone else. Question: According to the ordinal model of a priori statistical reasoning, what is the minimum number of people that would have to exist in the world in order to render his opinion statistically invalid? Assume that a statistically invalid opinion is defined as … Read more Ordinal Modelling Applied to Connoisseurship

Bias Can Be Good

I recently found this neat Wikipedia entry, “List of cognitive biases.” The listing is thorough and should interest any behavioral economist as well as sociologists, psychologists, and others. One thing I would like to point out is that some of these biases are good. That is to say that some of these biases actually encourage … Read more Bias Can Be Good

3 Reasons “Just Leave” is Ignorant Immigration Policy

This article will cover 3 reasons that “if you don’t like it here then leave” is an ignorant statement and a poor attitude with which to build immigration policy. 1 – Leaving costs time, money, and more Leaving is easier said than done. Leaving costs money. The people worst off in this country, the poor, … Read more 3 Reasons “Just Leave” is Ignorant Immigration Policy

Bitcoin Anonymization and Other Updates

While the price of each bitcoin has fallen over the past 18 months and remained stagnant over the past few months, the technology and network continue to improve. Perhaps most notably, bitcoin anonymization is making a come back. First, bitcoin was described as anonymous. Then we realized that bitcoin was not as anonymous after all. … Read more Bitcoin Anonymization and Other Updates

Ben Carson, Politifact, and Gay Prison Choices

Ben Carson lost some of my respect over the past few days, but not for the reason you might expect. You see, Ben Carson was absolutely correct to claim that homosexuality is a choice. Why did he lose some of my respect then? Because he was so quick to apologize for his claim. Ben Carson’s … Read more Ben Carson, Politifact, and Gay Prison Choices