Rat Poison

Five years ago in May of 2013 Charlie Munger quipped when asked about bitcoin that "I think it's rat poison".  You might be surprised to hear me say it but we should listen carefully to Charlie Munger et al., and that indeed there are a few ways that bitcoin is rat poison.  So it's been...

150 billion funbux

It hardly seems noteworthy I know, you are disappointed already that I might have even noticed that this story had risen in media outlets.  The story is that Jeff Bezos of Amazon has 150 billion dollars worth of stock.  In the linked article Annie Lowry does a good job of giving respects, pointing out that...

Issuance Malfeasance

What is the problem that cryptocurrencies solve?   ..asks the noted economist and New York Times columnist Paul Krugman [link]. We have addressed this question before in this forum.  The question today is how somebody could be a serious scholar of economics, or even open ones eyes in any populated area of the planet, and somehow...