Where the NY Fed ‘Bitcoin Is Not New’ Blog Goes Wrong

A recent post categorizing Bitcoin as just another fiat currency uses some strange definitions of money, our columnist writes.

Your Property Rights Should Extend to Social Media

It's time for internet users to assert their rights as content owners, rather than giving up free material to platforms like Google and Facebook, says our columnist.

The Neil Ferguson Affair Shows the Limits of Science During COVID-19

The depth of the outrage reveals how scandalized the public can become when trusted institutions are shown to be less reliable than expected.

The Last Word on Bitcoin’s Energy Consumption

What people fail to consider when they criticize Bitcoin's electricity footprint, according to our columnist.

How Blockchains Become Great Big Garbage Patches for Data

Far from making blockchains more convenient, unlimited block size and zero fees render them less reliable, says Nic Carter.

Bailouts Don’t Save the Economy. They Prop Up Companies That Should Be Allowed to Fail

If we keep bailing out corporations during every crisis, we'll end up with implicitly state-owned enterprises and a lack of economic dynamism.

Corporate America Knows the Bailout Is Baked In

Corporate America has embraced fragility, says Nic Carter. Its business model depends on a bailout.

Crypto Progressives Become Conservative With Their Own Chains

Those who style themselves as crypto progressives when rejecting the orthodoxy almost inevitably become crypto conservatives as they settle on a system they like, says Nic Carter.

How to Stop the Next Quadriga: Make Exchanges Prove Their Reserves

Exchanges sometimes treat depositors' assets like fractional reserves, with disastrous results. Time for regular audits, writes Nic Carter.