The Government Wants Your Crypto Data. And Lots of It.
2020-07-31
The Venezuelan government recently announced that its Administrative Service for Identification, Migration and Foreigners (SAIME) is now accepting bitcoin as a payment method for passports. The problem with that is that bitcoin is not anonymous but pseudonymous.
Trump’s Payroll Tax Order Is Good Politics, but Doesn’t Offer Much Tax Relief
2020-08-15
President Trump issued a new executive order on August 8 directing the Treasury Department to defer the 6.2 percent Social Security tax on wages for employees making less than about $100,000 a year. The suspension on collections will be in effect from September 1 through December 31.
MMT Follow-up: A Framework for Money, Inflation, and Debt
2020-08-19
As a follow-up to his discussion on MMT with Rohan Grey (in ep. 130), Bob goes solo to explain the basic cash balance framework for thinking about money, inflation, and debt. Specifically, Bob will explain why he thinks it’s far more important to know how the government finances a deficit rather than knowing what it spends the money on.
Calculating GDP Correctly
2020-08-21
There are many reasons we should be skeptical of the GDP statistic. But it is nonetheless important to understand how it is calculated.
2020 Will Be a Record-Breaking Year for Debt. How Long Can This Last?
2020-08-27
The deficit narrowed during July after months of record shortfalls in federal tax revenues. During April, May, and June of this year deficits surges to unprecedented highs as economic activity dried up, workers were furloughed and laid off, and tax payments were deferred.
Why Americans Are Looking for a Safe Haven from the Dollar
2020-08-30
As the Federal Reserve’s quantitative easing practices generate the biggest debt bubble in history, gold futures are trading at record highs, a phenomenon some have called "a bit of a mystery." However, this "mystery" was solved long ago by the laws of economics.
The Failures of Federal Race-Based Paternalism
2020-09-07
In an address to the Massachusetts Anti-Slavery Society in 1865, Frederick Douglass noted that he had often been asked “What should we do with the Negro?”
The 2020 Debate: A Breakdown
2020-10-04
Ryan McMaken and Tho Bishop talk about Tuesday’s debate, why "the issues" don’t matter, and why the debate probably won’t change the minds of many voters.