Hayek and Bitcoin

The late economist FA Hayek had a great deal to say about private money, inflation, and indeed, about preserving individual freedoms against a tyrannical state. As we approach the 15th […]

Crypto Needs Less Regulation, Not More

Recent weeks have witnessed another disaster for the cryptocurrency industry. FTX, one of the largest crypto exchanges, failed. The price of bitcoin, the largest cryptocurrency, fell by more than 20 percent. Industry-wide exposure to […]

Crypto Bad!

When the Adderall-addled Sam Bankman-Fried (SBF) lost control of his crypto-trading platform after defrauding users, many had their priors confirmed.  Crypto bad! they cried. This, of course, is rather like […]

What Is an FTX?

Sometimes things line up. For example, I spent my Tuesday morning teaching my students about bank runs. After class, I got to watch a bank run in real time. And […]

The False Face of SBF, FTX, and ESG

In June, the collapse of Terra Luna shook the foundations of the cryptocurrency sector. The contagion that followed drove a handful of other major firms, including Celsius, Voyager, and Three […]