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New York Proposes Special Bitcoin Regulation, But Won't Say Why

Jim Harper Yesterday, the New York Department of Financial Services (NYDFS) issued the second draft of its “BitLicense” proposal, a special, technology-specific regulation for digital currencies like Bitcoin. For a second time, the NYDFS...Show More Summary

New Coke and the Iraq War

David Boaz Donald Keough, who was president of Coca-Cola, has died at age 88. All the obituaries lead with his role in the New Coke debacle. On April 23, 1985, Coca-Cola replaced its amazingly successful product with a new formula, called New Coke. Show More Summary

Hyperbole Aside, Elizabeth Warren is Right About the Risk of Investor-State

Daniel J. Ikenson Sen. Elizabeth Warren takes to the Washington Post op-ed pages today to warn about the dangers of the so-called Investor-State Dispute Mechanism, which is likely to be a part of the emerging Trans-Pacific Partnership deal. Show More Summary

Psychology journal bans significance testing

This is perhaps the first real crack in the wall for the almost-universal use of the null hypothesis significance testing procedure (NHSTP). The journal, Basic and Applied Social Psychology (BASP), has banned the use of NHSTP and related statistical procedures from their journal. They previously had stated that use of these statistical methods was no […]

Smile! The Dentists Lose a Monopoly

Yesterday, the Supreme Court ruled (6:3) in North Carolina State Board of Dental Examiners v. FTC that the attempt of the state board of dental examiners to exclude nondentists from the practice of teeth whitening violated the Sherman antitrust act. The opinion, written by Justice Kennedy, is especially lucid. Here, from Kennedy, are the key […]

Totally conventional views I hold about Hillary Clinton

I’ve been receiving numerous requests for more of my “totally conventional views,” and someone asked me about HRC.  We’ve never covered her in the past, so why not?  But by construction of this series, none of what follows is at all new and probably there won’t be any discussion in the comments.  But with that […]

Missouri Bill Would Keep Most Police Camera Footage From Public View

Matthew Feeney One week after it was reported that Ferguson, Missouri police officer Darren Wilson would not be indicted for killing of Michael Brown, President Obama announced that the federal government would spend $75 million on police body cameras. Show More Summary

Quiet Change Expands ATF Power to Seize Property

Adam Bates A quick glance at the Federal Register (Vol. 80, No. 37, p. 9987-88) today reveals that Attorney General Eric Holder, who earned cautious praise last month for a small reform to the federal equitable sharing program, has now...Show More Summary

The wisdom that is Japanese

Funerals are being held for ROBOTIC dogs in Japan because owners believe they have souls… It is a funeral like any other in Japan. Except that those being honoured are robot dogs, lined up on the altar, each wearing a tag to show where they came from and which family they belonged to. The devices […]

Federal Workers: Performance, Pay, and Firing

Chris Edwards Americans are concerned about the performance of the federal bureaucracy. Many people think that federal workers are overpaid and underworked. Some recent news stories provide fresh input to the debate. A story yesterday at regards pay and performance. Show More Summary

SCOTUS to Government: Somethin' Fishy 'Bout Your Prosecution

Ilya Shapiro This morning the Supreme Court ruled in Yates v. United States that Sarbanes-Oxley—the massive legislation prompted by the accounting scandals of the early 2000s—can’t be used to prosecute a fisherman who caught undersized grouper. Show More Summary

Knausgaard does America, the new Tocqueville but for the NYTimes

I was supposed to write about America for an American newspaper, and the last thing I wanted was to seem like an introverted European complaining about how awful everything was here. Here is another bit: Cleveland meant nothing to me. There is more here, via Michael Rosenwald.

Assorted links

1. Measuring the quality of NBA defenders.  And digitalizing NFL players.  Both are interesting pieces.  And don’t ridicule Manny Pacquiao. 2. An interview with a guy. 3. Vermont, Gruber. 4. Paul Krugman on superstars and the economics of music.  I think of the era of the music superstar as having peaked in the 1980s or […]

China Should Respect Religious Liberty

Doug Bandow Christianity is thriving in China. There may be more religious believers than Communist Party members. Beijing’s sensitivities to religion are well-known. Religion offers a competitive worldview to the Party. The latter fears many Christians, especially Catholics, have loyalties beyond China’s borders. Show More Summary

Marijuana Legalization in DC

Jeffrey Miron On February 26, 2015, marijuana becomes legal (again) under the laws of Washington, D.C. The key rules are: It will be legal to possess up to two ounces of pot. It will be legal to smoke said pot on private property. It...Show More Summary

What I’ve been reading. And reading. And reading. And reading.

More often than not I suggest novels and nonfiction. But the average book I read has pictures and comes with a 2- and 4-year old on my lap. What follows are the children’s books that I enjoy the first and second … Continue reading ? The post What I’ve been reading. And reading. And reading. And reading. appeared first on Chris Blattman.

China pigeon markets in everything

This is also not new news, but it is new to me: In May 2013, Chinese businessman Gao Fuxin set a new record, paying 310,000 euros ($351,000) in an online auction for a pigeon named Bolt, after Jamaican sprinter Usain Bolt. It seems also that the pigeons, before a race, are given performance-enhancing drugs.  But: […]

"Strategy" vs. Strategy in the Pentagon

Benjamin H. Friedman The Boston Globe kindly published a piece I wrote about the lack of strategy guiding Pentagon spending, but gave it the somewhat misleading title and subtitle: “The Pentagon’s Bloat: Accounting tricks and self-interested...Show More Summary

Ukraine Hyperinflates

Steve H. Hanke Since the New Year, Ukraine’s currency – the hryvnia – has collapsed, losing 51 percent of its value against the U.S. dollar. To put this rout into perspective, consider that the Russian ruble has only lost 8 percent against...Show More Summary

Totally conventional views which I hold

Most days on MR we try to bring you something new, whether it be a report or an opinion of ours.  Even if it is not truly new, perhaps it is at least new relative to the discourse on most other web sites.  We are reluctant to recycle old posts, even though I am still […]

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