In 1993, James Carville famously said, “I used to think if there was reincarnation, I wanted to come back as the president or the pope or a .400 baseball hitter. But now I want to come back as the bond market. You can intimidate everybody.” Even if your goal is not to intimidate people, it [...]

Tags: Back to the Future, Bitcoin, Carville, elasticity, Koch, political economy, seasteading, space colonization, The Diamond Age, Thiel
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Officials from EU governments have just now pledged to bail out the Greek government. In my view, this is a bad idea, at least for the people of Germany and France, who will bear a lot of the cost. Since I am having some trouble organizing my thoughts into fluent paragraphs, I will present them [...]

Tags: bailout, Carville, EU, Euro, fiscal commons, Greece, optimal currency area, sovereign debt crisis, Wagner
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