Monthly Archives: December 2016
Green Bitcoin vs Red=Green LETS: Nominal Anchor vs Needs of Trade
Both Bitcoin and LETS are monetary exchange systems. There are many differences between Bitcoin and LETS. I am going to ignore all of those differences except the one I want to focus on. Those other differences are off-topic. [Yes, this post is not really about Bitcoin vs LETS. I am just using Bitcoin and LETS […]
Why I=S is a bad place to start doing macro, again
I was reading Philip Cross's article "The Limits of Economic 'Stimulus': How monetary and fiscal policy have sown the seeds of the next crisis". I came to this bit in the Executive Summary: "Low interest rates also depress savings and therefore investment." It is clear from the context that he is talking about the Bank […]
Will legalization reduce youth marijuana use?
Rates of teen marijuana use in Canada are among the highest in the world. Legalization advocates blame high use on criminalization: "the ready availability from dealers with no scruples about targeting youth, and the cachet of forbidden fruit—or rather, buds." Indeed, the first objective of the Canadian federal government's marijuana legalization agenda is to "Protect young Canadians by […]
Worthwhile Canadian Initiative 
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