Economics
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Forget Summers and Yellen: Let a Bot Run the Federal Reserve
via Flickr The shameless campaigning and cat fight over who should be our next Federal Reserve Chair has only served to underscore the inevitable human flaws and lack of omniscience of whoever is ultimately appointed, all while further politicizing and debasing the office. I argued four years ago a bot could do that job…
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Press Releases We’d Like to See: Iceland Embraces the Bitcoin Economy
Continuing our series of monetary-themed press releases we’d like to see (but probably won’t): Iceland Embraces the Bitcoin EconomyUnveils comprehensive program for 21st century financial leadership REYKJAVIK, Iceland — May 1, 2013 — The Republic of Iceland today announced a comprehensive program to make Iceland the leading nation state in the emerging Bitcoin economy. “Bitcoin…
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Economic Forecasting in Alternative Universes
<dweeby econo-skepticism follows> The New York Times Magazine today has an article on the past, present and future of the Obama administration’s economic policy. It is a good if long read and chock full of inside baseball, political speaking points delivered with some repetition lest you miss them and, most entertaining, anonymous score-settling amongst the…