The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World

Work on this article began when Bitcoin was trading at $60,000. Today (6/18/22) it has fallen below $20,000. Ethereum has, proportionately, taken an even bigger hit. And except for some well-backed stable coins, most cryptocurrencies are at the moment cratering. With inflation high and a recession looming, cryptocurrencies are now being dismissed as an example […]

80 min read

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How to Create Non-Fungible Tokens Without Cryptocurrency

“Or How to Create NFTs on eBay That Confer Real Ownership” This talk was presented at the COSM.technology conference, November 10, 2021, in Bellevue, Washington. The simultaneous slideshow presentation is available here. [DISPLAY SLIDE 1] 1 The Buzz About NFTs This summer I wrote an article titled “How Non-Fungible Tokens Work: NFTs Explained, Debunked, and […]

16 min read

The 10 Best Colleges and Universities for Becoming Super-Rich

If you want to become super-rich, what are the best schools to attend? The simplest way to answer this question is to look at the richest people in the US and see where they went to school. In other words, look at the schools that got the most foot traffic from those who ended up […]

8 min read

The Creation of Money

1 What is Money? How to use money that already exists? That’s easy. How to create money in the first place? That’s more complicated. This article will explain how money comes into existence. It will also explain how the different ways money comes into existence affects its use and abuse. First, a brief definition of […]

46 min read

Financial Fraud vs. Election Fraud: Similarities, Differences, and Security

Actual or not, fraud is widely perceived to have affected the 2020 Presidential election in the United States Bank fraud and election fraud have relevant similarities Banking cybersecurity techniques are applicable to election security Expensivity’s proposal for a Cryptosecure Election Protocol (CEP) would secure the electoral process With 2020 delivering perhaps the most contentious presidential […]

51 min read

The 25 Most Influential Economics Programs and the 25 Most Influential Economists

The well-known Harvard economist Greg Mankiw recently blogged about a new website called AcademicInfluence.com. This site features some fascinating machine-learning tools for determining the most influential schools by discipline as well as the most influential faculty in those disciplines. You can even toggle the time-frame in which to gauge influence. If you do this for […]

4 min read

The Two Dirtiest Words in Economics: Free and Fair

The two dirtiest words in economics are four-letter words beginning with “f”: free and fair. More economic mischief has been wrought through these two words than any others. These words have seemingly straightforward uses. Free can simply mean that no money or anything of value was given in exchange for a benefit. Such a benefit […]

24 min read