Stay Away from BitBet

BitBet is a well known bitcoin-based betting site. I’m highly pro-prediction market, so in the past I’ve been a proponent of the site. What I didn’t realize is that the betting system is manually administrated by username Znort, which is slang for doing cocaine. Surprisingly (sarcasm), he has vanished with a ton of money, including … Read more Stay Away from BitBet

Semantics of Higher Education Appropriations

Caplan’s forthcoming The Case Against Education is a great read. It validates the signaling model applied to traditional education. It makes the case for lower federal spending on formal education as well as reduced private consumption of traditional formal higher education, such as a 4 year degree. I love the book, although I am bugged … Read more Semantics of Higher Education Appropriations