Kenyon Economics

[Cato CMFA @CatoCMFA]

.@GeorgeSelgin debunks the claim that the Fed's new operating system is in line with that of other central banks https://t.co/ZcnqV1SmF2

[John Paul Koning @jp_koning]

Why did the Romans issue serrated coins?

Serrations pre-exposed the silver so that non-Romans (who were unfamiliar with denarii) wouldn't have to test cut coins before accepting them. https://t.co/3KE6T9RDMT

[Steve Hanke @steve_hanke]

Rather than turning to cryptocurrencies, #Venezuela must embrace official dollarization. https://t.co/F4s0v4JSIz

[John Paul Koning @jp_koning]

What constitutes a good store of value? Does bitcoin make the cut? Let's go back to 1867 to see what William Stanley Jevons would say: https://t.co/ykXnZFSTr7

[William J. Luther @WilliamJLuther]

@jp_koning @BullionStar “If it somehow acquired any value” is the interesting bit. How does it do that? Perhaps as a collectible (so much for excluding ornamental value). Perhaps circularly (so much for the regression theorem).

[John Paul Koning @jp_koning]

Bitcoin isn't digital gold, it's digital uselesstainium... a point that Satoshi once made. My latest for @BullionStar: https://t.co/oRY29xp9FN

[William J. Luther @WilliamJLuther]

Is there #speculation in the market for #bitcoin? Absolutely.
Does that mean there is a #bubble? Nope.
https://t.co/UuGx8Nyvis

[John Paul Koning @jp_koning]

@BullionStar Here's a second visualization of the volatility of bitcoin relative to gold that didn't make it into the original article.

[Lars Christensen @MaMoMVPY]

Anybody interested in what #Bitcoin really is about should read this excellent paper by @Prof_Pieters https://t.co/E3Qig3LZCE

[Kenyon Economics @KenyonEcon]

RT Informal estimate:

If the Preston Curve--the link between prosperity and lifespan--is 100% causal, and if the GOP tax bill raises long-run incomes 3%, then the GOP bill will give the average American 3 more months of life.

That comes out to around 10,000 lives per year.

[Kenyon Economics @KenyonEcon]

RT Is there #speculation in the market for #bitcoin? Absolutely.
Does that mean there is a #bubble? Nope. https://www.https://t.co/fyh93gsTST …

[Kenyon Economics @KenyonEcon]

RT Alternative Money University applications are open! 30 students will be selected to study topics in monetary economics with GeorgeSelgin, DavidBeckworth, lawrencehwhite1, and moneyillusion. Visit https://t.co/x5lh3E7NVh  to learn more.

[Kenyon Economics @KenyonEcon]

RT Bitcoin isn't digital gold, it's digital uselesstainium... a point that Satoshi once made. My latest for BullionStar: https://www.https://t.co/evQo02Cd49 …

[Kenyon Economics @KenyonEcon]

RT Why Is #Bitcoin So Valuable? Check out the latest article by WilliamJLuther for the economics of what is driving Bitcoin's price to the moon. https://www.https://t.co/lGsAzXCj97 …

[Kenyon Economics @KenyonEcon]

RT Why is #bitcoin so valuable? WilliamJLuther https://www.https://t.co/fyh93gsTST …

[Kenyon Economics @KenyonEcon]

RT Office purge, I found my all time favourite supplemental teaching evaluation.

[Kenyon Economics @KenyonEcon]

RT This is so lame but I still laughed. #econgradstudentlife stlouisfed

[Kenyon Economics @KenyonEcon]

RT Rather than turning to cryptocurrencies, #Venezuela must embrace official dollarization.

[Kenyon Economics @KenyonEcon]

RT Why did the Romans issue serrated coins?

Serrations pre-exposed the silver so that non-Romans (who were unfamiliar with denarii) wouldn't have to test cut coins before accepting them. http://www.https://t.co/mQwJqE8Lfs …

[Kenyon Economics @KenyonEcon]

RT Super RebelEconProf post : "Phillips Curve, again" (ht MaMoMVPY) - "there is no direction of causation implied by this equilibrium condition" #marketinideas #nairu #PhillipsCurve https://https://t.co/zYAKJdJPiY …